Answer the Question. -You Could Take a 15-Week, Three-Credit College Course, Which Requires

question 93

Multiple Choice

Answer the question.
-You could take a 15-week, three-credit college course, which requires 10 hours per week of your time and costs $400 per credit-hour in tuition. Or during those hours you could have a job paying $
12 per hour. What is the net cost of the class compared to working?

• A)$2200
• B)$3000
• C)$520
• D)$1320

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Definitions:

Direct Labour-Hours

The amount of time dedicated by employees for the manufacture of products, directly impacting production costs and efficiency.

Overhead Applied

Overhead applied refers to the allocation of overhead costs to specific jobs or production units based on a predetermined rate or basis.

Job-order Costing System

A costing method that assigns costs to specific batches or lots of products, often tailor-made for customers.

Overhead Cost

Overhead cost refers to ongoing business expenses not directly tied to creating a product or service, such as rent, utilities, and insurance.