Question

1.Work the following pricing problems for services rendered. (Round to hundredths(

Hourly rate, worker A = $15.00
Hourly rate, worker B = $8.00
Hourly rate, worker C = $5.25
Labor time, worker A = 2 1/2 hours
Labor time, worker B = 1 hour
Labor time, worker C = 3/4 hour
Overhead rate = 75%
Retail price of goods = $125.50
What is the total cost of job?

Answer 1

$212.02

Explanation:

Answer 2

Total cost of job=retail price of goods+labor cost+overhead
Labor cost15×2.5+8×1+5.25×(3÷4)=49.44 this is labor cost
Overhead= labor cost×overhead rateOverhead=49.44×0.75=37.08
Now find total cost of jobTotal cost of job=125.50+49.44+37.08=212.02....answer