Explanation:
AIi has generated your answer
To calculate the actual weekly labor cost, we need to consider the regular hours and overtime hours worked by the 13-person team.
Regular hours per week per person: 40 hours
Overtime hours per week per person: Total hours - 40 hours (since any hour worked over 40 hours is considered overtime)
Regular labor cost per week per person: Regular rate * Regular hours
Overtime labor cost per week per person: Overtime rate * Overtime hours
Total labor cost per week for the team: (Regular labor cost per week per person + Overtime labor cost per week per person) * Number of team members
Let's calculate:
Regular labor cost per week per person:
Regular rate * Regular hours = $15.00/hr * 40 hrs = $600.00
Overtime hours per week per person:
Labor hours needed - Regular hours = 800 hrs - 40 hrs = 760 hrs
Overtime labor cost per week per person:
Overtime rate * Overtime hours = $24.50/hr * 760 hrs = $18,620.00
Total labor cost per week for the team:
($600.00 + $18,620.00) * 13 = $248,660.00
Now, let's compare the actual weekly labor cost to the target:
Actual weekly labor cost - Targeted labor cost = $248,660.00 - $12,000.00 = $236,660.00
Therefore, the actual weekly labor cost is $236,660.00 over the target.
So, the correct answer is: $236,660 over target.