« 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 209 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 nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

THE RATE OF PHOTOSYNTHESIS THE RATE OF PHOTOSYNTHESIS
Firing Rate of Individual SCN Neurons in a Tissue Culture Color bars have been added to emphasize th Firing Rate of Individual SCN Neurons in a Tissue Culture Color bars have been added to emphasize th
Spring force, crankcase pressure, and intake manifold vacuum work together to regulate the flow rate ... Spring force, crankcase pressure, and intake manifold vacuum work together to regulate the flow rate ...
Use flat fingers to apply L strokes along lateral neck from below the ears toward the terminus and ... Use flat fingers to apply L strokes along lateral neck from below the ears toward the terminus and ...
What rate, compounded once every 3 years, is equivalent to 9% effective rate? What rate, compounded once every 3 years, is equivalent to 9% effective rate?
Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price. Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.
Video: Biological organic compounds

For a complete list of videos, visit our video library