Greg and Verena Both Work for the Spelling Company $31 \frac { 1 } { 2 }$

question 116

Short Answer

Greg and Verena both work for the Spelling Company. Greg earns $18.60 per hour as an assembler, and Verena earns $12.20 per hour as a technician. Last week Greg worked $31 \frac { 1 } { 2 }$ hours and Verena worked $39 \frac { 3 } { 4 }$ hours. What was their combined earnings for the week?

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Definitions:

Cost of Goods Manufactured

The total cost of all materials, labor, and overhead used to produce goods during a specific period.

Cost of Goods Purchased

The total expense incurred by a company to buy the goods it has sold or will sell, excluding any indirect costs.

Finished Goods Inventory

The value of a company's inventory of products that are complete and ready for sale.

Cost of Goods Manufactured

The total cost of goods completed during a specific period, including labor, materials, and overhead.