A Task Is Expected to Take 20 Hours of Labor

question 62

Multiple Choice

A task is expected to take 20 hours of labor at $25 per hour. The required material cost is $500 and the organization charges 30% of direct labor for overhead. The total task cost is:

• A) $500
• B) $1,150
• C) $1,250
• D) $1,300
• E) $1,500

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Definitions:

Rate of Return

The profit or loss of an investment over a particular period, represented as a proportion of the initial investment amount.

Employee Morale

The overall outlook, attitude, satisfaction, and confidence that employees feel at work.

Capital Investment

Financial allocation towards the purchase or maintenance of long-term assets such as property, plants, and equipment, with the expectation of generating future returns.

Qualitative Characteristic

A feature used to describe or categorize non-quantitative aspects of items, events, or conditions, often used in accounting and finance to evaluate factors that are not numerically based.