Question
A task is expected to take 20 hours of labor at $25 per hour (direct cost). The required material cost is $500. The organization adds
A task is expected to take 20 hours of labor at $25 per hour (direct cost). The required material cost is $500.
The organization adds a fee of 30% to all direct labor costs to account for overhead. It does not add any fee on top of material costs. The total task cost is:
a. $500
b. $1,150
c. $1,250
d. $1,300
e. $1,500
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College Mathematics for Business Economics Life Sciences and Social Sciences
Authors: Raymond A. Barnett, Michael R. Ziegler, Karl E. Byleen
12th edition
321614003, 978-0321614001
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