Consider a Programmer Who Is Required to Complete Four Work

question 42

Multiple Choice

Consider a programmer who is required to complete four work assignments.Each assignment takes 50 hours to complete.Assume an overhead rate of $1.50 and the cost per hour for the programmer's services to be $35/hour.The direct billing charge will be ______.

• A)$10,000
• B)$12,000
• C)$10,500
• D)$11,500

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Definitions:

Budget Line

A graphical representation of all possible combinations of two goods that can be purchased at given prices and within a given budget.

Interest Rate

The percentage at which interest is paid by borrowers for the use of money that they borrow from a lender.

Inflation Rate

The percentage increase in the general level of prices for goods and services over a certain period, reflecting the decreasing purchasing power of money.

Rational Person

An individual who systematically and logically evaluates options to make decisions that maximize their personal benefit or utility.