The Labor for Milling Some Lumber Totals 41

question 5

Short Answer

The labor for milling some lumber totals 41.75 hours and is charged to three different jobs. To the first job, 12.75 hours are charged and to the second job, 5.25 hours are charged. How much time is charged to the third job?

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Definitions:

Total Revenue

The overall amount of money generated by a business from its sales activities before any costs or expenses are deducted.

Marginal Revenue

The profit increase achieved by selling one additional unit of a product or service.

Marginal Cost

The incremental cost involved in producing an additional unit of a good or service.

Marginal Revenue

The financial gain a firm acquires from the sale of an extra unit of a product or service.