Question

Compute the following costs of services problem.Hourly rate of labor = $12.00Duration of job = 3 1/2 hoursOverhead rate = 66 2/3%Price of parts = $112.50Find total cost of job =140.50175.50182.50257.50

Answer 1

Given

Hourly rate of labor = $12.00

Duration of job = 3 1/2 hours

Overhead rate = 66 2/3%

Price of parts = $112.50

Answer

Rate for 3 1/2 hr =12 x 3 1/2 = 12 x 7/2 = $ 42

Overhead rate 66 2/3 % of $42 = 28

Total cost job = 112.50 + 28 + 42 = $182.50