« previous next »

Author Question: Your shop charges 50.00 per flat rate hour, The shop takes in a 4-hour job that takes the technician ... (Read 237 times)

Awilson837

  • Hero Member
  • *****
  • Posts: 509
on: Jun 23, 2018
Your shop charges 50.00 per flat rate hour, The shop takes in a 4-hour job that takes the technician 3 hours to complete. The technician is paid 12.50 per flat rate hour. What is the gross profit of this transaction?
 
  A) 162.50 B) 37.50 C) 112.50 D) 150.00

Question 2

Net profit would be calculated in which way?
 
  A) Income minus all variable expenses B) Gross profit minus overhead expenses
  C) Gross profit plus the indirect cost D) None of the above


sokh

  • Sr. Member
  • ****
  • Posts: 357
Reply #1 on: Jun 23, 2018
Answer to Question 1

D

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

C, A nurse can also administer the medication by setting the dose and rate with an electronic infusi C, A nurse can also administer the medication by setting the dose and rate with an electronic infusi
Sample Workout in the Target Heart Rate Range Sample Workout in the Target Heart Rate Range
The mortality rate in the United States increases with age and is lower for women than men at every ... The mortality rate in the United States increases with age and is lower for women than men at every ...
How would you rate your overall health?” The percent of adults answering “excellent” or ... How would you rate your overall health?” The percent of adults answering “excellent” or ...
A ring link network reduces the number of wires it takes to interconnect all of the modules. A ring link network reduces the number of wires it takes to interconnect all of the modules.
Irene Manufacturing uses a predetermined overhead allocation rate based on a percentage of ... Irene Manufacturing uses a predetermined overhead allocation rate based on a percentage of ...
Video: Lipid catabolism ( ketogenesis and oxidation of glycerol) and Lipid anabolism (lipogenesis)

For a complete list of videos, visit our video library