Work the following pricing problems for services rendered. (Round to tenths.)
2 answers:
Answer:
Overhead rate = $6.3
Step-by-step explanation:
Given : Labor rate = $8.00 per hour
Labor time = 6 hours
Retail price of parts = $0
Total job cost = $86.00
To find : Overhead rate
Solution:
Overhead cost = Total Cost - The cost of all inputs
The Overhead Rate is this number divided by total labor hours.
Total job cost = $86.00
Labor Cost = labor rate × labor time = 8 × 6 = $48
Retail price of parts:$0
Overhead Costs = total cost - labor cost= $86 - $48 = $38
Now, we divided overhead cost by labor hours to get overhead rate,
Overhead Rate
Therefore, Overhead rate is $6.3
You might be interested in
-------------------------------------------------------------------------------------------------------------
Answer:
-------------------------------------------------------------------------------------------------------------
Given:
Find:
Solution: We need to plug in the value -2 into every variable x that we have in the expression and simplify to get the solution.
<u>Plug in the values</u>
<u>Simplify</u>
- <u />
Therefore, the ordered pair that would match would have a x-coordinate of -2 and a y-coordinate of 4 producing (-2, 4) which matches option A.