Question

Can anyone please help me answer this Math question ? As soon as possible !

The We-Make-It factory in the United States pays its 250 workers an average of $21 per hour, including benefits. The average number of work hours per employee in a year is 1,924. The owners of the factory are considering relocating overseas to a country where they can pay workers an average of $6 per hour, including benefits, to achieve the same production levels. Assuming that the company would hire the same number of workers for the same number of hours in a new location, how much could We-Make-It save in wages alone in the first year by moving to the proposed overseas location?

Answer 1

Assuming that this would not be destroying the lives of many in a community by locating overseas. The factory would save $2,886,000 in payroll wages during the first year of relocation.

Explanation:

$15 saved in wages/working hour × 250 workers × 1924 hours per year/worker = $2,886,000