Question

I need help with this problem, please...

Choose the best answer.

Labor rate = $12 per hour
Hours worked = 36
Overhead rate = 125%
Retail price of good furnished = $185
Sales tax rate = 7%

Total bill for services and parts = _____.

Answer 1

what is the problem?

Answer 2

I need to find the total bill for services and parts based on what is given.

Answer 3

@alothegreat
Says "Choose the best answer" which implies there are options to choose from.

Answer 4

well it is solvable without the answer choices

Answer 5

Okay well, @darkknight you should have no problem helping @alothegreat with the problem then.

Answer 6

so you have this
Labor rate = $12 per hour
Hours worked = 36
Overhead rate = 125%
Retail price of good furnished = $185
Sales tax rate = 7%
you get 12 per hour and work for 36 hours so multiply them together (ill call this x)
do you know what overhead rate and sales tax, retail price means?

Answer 7

do you have to multiply it with the answer I get?

Answer 8

I*

Answer 9

not really, so you know how many hours you worked and how much the labor rate correct, so multiply those two numbers to find how much labor costs in general

Answer 10

like for 36 hours

Answer 11

wait... Do you know what retail price means

Answer 12

The original price of what is being sold

Answer 13

so for the rate, do i multiply it to 432?

Answer 14

yes, final price that a good is sold to customers for

Answer 15

so if
Labor rate = $12 per hour
Hours worked = 36
Overhead rate = 125%
Retail price of good furnished = $185
Sales tax rate = 7%
that is 185 you apply a 7% sales tax and then the overhead rate then you add that to 432

Answer 16

Let me clear that up, so you have $432 that you will spend on labor, you will add that at the end. Your retail price is $185 with a 7% tax. So take 7% of 185 then add that to 185.

Answer 17

I got 617, is that correct?

Answer 18

leme check

Answer 19

well I got a different answer. This is what I did, tell me if you are following. 1.25(12(36)+185+185(.07)) = 787.4375

Answer 20

where 12 times 36 is labor, 185+185(.07) is retail price with tax and then multiply the whole thing by 125% because that is the overhead rate

Answer 21

well since it says "choose the best answer" I suppose I'd chose the closest answer on the answer choice which is 775.75

Answer 22

hm, I guess

Answer 23

what are the other options

Answer 24

these are the other answer choices:
775.75
1,169.95
1,237.99
1,485.43

Answer 25

yep first one

Answer 26

Well, thank you very much for taking the time to help me answer it. I certainly appreciate it.

Answer 27

be like the darkknight boi, you will learn, nice progress, keep it up." - darkknight

Answer 28

uw