In: Accounting
A full-time technician working in the local Walk-In Clinic is paid $62,000 per year (52 weeks) and works 40.0 hours per week over 5 days. The fringe benefit rate is 31 percent. In 2011, a technician gets 8 holidays (Walk-In Closed), 5 sick days, and 10 vacation days.
How many full-time equivalent (FTE) technicians are required to staff the local Walk-In Clinic, 8 am to 7 pm on weekdays, and 9 am to 1 pm on Saturdays? Assume that two technicians must always be on duty during the clinic’s hours of operation.
a. 3.1435 b. 1.5717 c. 2.5255 d. 3.5755
Calculation pf Full-time equivalent (FTE) technicians required to staff the local Walk-In Clinic | ||
Total Hours Available per FTE | ||
Working Days in week | 5 | |
Weeks | 52 | |
Hours per week | 40 | |
Total Hours including Leave and Holidays | 2080 | (52*40) |
Leave and Holidays | ||
Holidays (Walk-In Closed) | 8 | |
Sick days | 5 | |
Vacation days | 10 | |
Total days of Leave and Holidays | 23 | |
Hours per day | 8 | |
Total hours of Leave and Holidays | 184 | |
Total Hours excluding Leaves and Holidays | 1896 | (2080-184) |
Total Hours Available per FTE | 1896 | |
Total Hours required for clinic | ||
Working hours required on Weekdays | 11 | (8 am to 7 pm ) |
Working hours required on Saturdays | 4 | (9 am to 1 pm ) |
Total Working hours required on Weekdays in year | ||
Hours Excluding Walk in closed | 3068 | =(52 week *11 hrs*5 day)+(52 week*4 hrs* 1day) |
Less - hours inn Holiday (Walk in Closed) | 88 | = 8 * 11 |
(It is assumed that clinic is closed on Working days for holiday) | ||
Hours required for one FTE | 2980 | |
No. of hour required for two FTE | 5960 | =2980 * 2 |
Total Hours required for clinic | 5960 | |
Full-time equivalent (FTE) technicians required to staff the local Walk-In Clinic | ||
= Total Hours required for clinic /Total Hours Available per FTE | 3.1435 | =5960/1896 |
Thus the correct answer is a - 3.1435 |