Highlander Cutlery manufactures kitchen knives. One of the employees, whose job is to cut out wooden knife handles, worked 53 hours during a week in January. The employee earns $16 per hour for a 40-hour week, and overtime is paid after 40 hours. For additional hours the employee is paid an overtime rate of $21 per hour. The employee’s time was spent as follows:
Regular duties involving cutting out knife handles45hoursGeneral shop cleanup duties5hoursIdle time due to power outage3hours
1. Calculate the total cost of the employee’s wages during the week described above.
total cost of wages=