Assume that overhead is charged on a flat-rate basis. Each member of the project is assigned an overhead charge of $100/week. What would the fully loaded cost of labor be for an employee, given that she is assigned to the project for 280 hours at $15/hour? Hint: The hours that the employee works (280 hours) would equate to 7 weeks.

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Business

Kaylynn Montes

29 September, 07:10

Assume that overhead is charged on a flat-rate basis. Each member of the project is assigned an overhead charge of $100/week. What would the fully loaded cost of labor be for an employee, given that she is assigned to the project for 280 hours at $15/hour? Hint: The hours that the employee works (280 hours) would equate to 7 weeks.

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Dominique Howard · Answer 1

Total cost = $4,900

Explanation:

Giving the following information:

Each member of the project is assigned an overhead charge of $100/week. What would the fully loaded cost of labor be for an employee, given that she is assigned to the project for 280 hours at $15/hour? Hint: The hours that the employee works (280 hours) would equate to 7 weeks.

Total cost = direct labor + allocated overhead

Total cost = 280*15 + 100*7 = $4,900