Question
Given the following: * Fixed salary per employee per month is $4,000 * Fringe benefits are 30% of salary * Employees work 7 hours per
Given the following:
* Fixed salary per employee per month is $4,000
* Fringe benefits are 30% of salary
* Employees work 7 hours per day
* Employees work an average of 20 days per month
What is the cost rate per employee (calculate rounded to two decimals)?
a. $26.67
b. $45.33
c. $34.67
d. $25.00
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Survey of Accounting
Authors: Carl S Warren
6th edition
978-113318912, 1133189121, 978-1133189121
