<\/p>\n
Bob Jones owns a catering company that stages banquets and parties for both individuals and companies. The business is seasonal, with heavy demand during the summer months and year-end holidays and light demand at other times. Bob has gathered the following cost information from the past year:<\/p>\n
| \n Month<\/strong><\/p>\n<\/td>\n Labor Hours<\/strong><\/p>\n<\/td>\n Overhead Costs<\/strong><\/p>\n<\/td>\n January<\/p>\n<\/td>\n 2,500<\/p>\n<\/td>\n $54,400<\/p>\n<\/td>\n February<\/p>\n<\/td>\n 3,164<\/p>\n<\/td>\n 65,033<\/p>\n<\/td>\n March<\/p>\n<\/td>\n 3,198<\/p>\n<\/td>\n 61,524<\/p>\n<\/td>\n April<\/p>\n<\/td>\n 4,200<\/p>\n<\/td>\n 69,424<\/p>\n<\/td>\n May<\/p>\n<\/td>\n 4,533<\/p>\n<\/td>\n 69,928<\/p>\n<\/td>\n June<\/p>\n<\/td>\n 5,545<\/p>\n<\/td>\n 74,652<\/p>\n<\/td>\n July<\/p>\n<\/td>\n 6,548<\/p>\n<\/td>\n 74,648<\/p>\n<\/td>\n August<\/p>\n<\/td>\n 7,500<\/p>\n<\/td>\n 78,482<\/p>\n<\/td>\n September<\/p>\n<\/td>\n 7,180<\/p>\n<\/td>\n 75,616<\/p>\n<\/td>\n October<\/p>\n<\/td>\n 4,620<\/p>\n<\/td>\n 69,308<\/p>\n<\/td>\n November<\/p>\n<\/td>\n 3,172<\/p>\n<\/td>\n 71,748<\/p>\n<\/td>\n December<\/p>\n<\/td>\n 6,785<\/p>\n<\/td>\n 74,772<\/p>\n<\/td>\n Total<\/p>\n<\/td>\n 58,945<\/p>\n<\/td>\n $839,535<\/p>\n<\/td>\n Variable Cost Per Labor Hour =4.82<\/p>\n Fixed Cost = 42359.00<\/p>\n Bob has booked 3,164 labor hours for the coming month. How much overhead should he expect to incur? (Round variable cost to 2 decimal places, e.g. 12.25 and all other answer to 0 decimal places, e.g. 5,275.)<\/i><\/strong><\/p>\n Total cost =<\/p>\n<\/td>\n $<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n","protected":false},"excerpt":{"rendered":" Bob Jones owns a catering company that stages banquets and parties for both individuals and companies. The business is seasonal, with heavy demand during the summer months and year-end holidays and light demand at other times. Bob has gathered the following cost information from the past year: Month Labor Hours Overhead Costs January 2,500 $54,400 […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_joinchat":[]},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/posts\/182981"}],"collection":[{"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/comments?post=182981"}],"version-history":[{"count":0,"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/posts\/182981\/revisions"}],"wp:attachment":[{"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/media?parent=182981"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/categories?post=182981"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/tags?post=182981"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}} |