! Required information [The following information applies to the questions displayed below.] Highlander Cutlery manufactures kitchen knives. One of the employees, whose job is to cut out wooden knife handles, worked 47 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 $24 per hour. The employee's time was spent as follows: Regular duties involving cutting out knife handles General shop cleanup duties 39 hours 5 hours Idle time due to power outage 3 hours Required: 1. Calculate the total cost of the employee's wages during the week described above. Total cost of wages