Copy Center Pays an Average Wage of $12 Per Hour

question 68

Multiple Choice

Copy Center pays an average wage of $12 per hour to employees for printing and copying jobs, and allocates $18 of overhead for each employee hour worked. Materials are assigned to each job according to actual cost. Jobs are marked up 20% above cost to determine the selling price. If Job M-47 used $350 of materials and took 20 hours of labor to complete, what is the selling price of the job?

• A) $852
• B) $1,140
• C) $456
• D) $720
• E) $708

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Definitions:

Income Groups

Categories of people classified by their level of income.

Size Of Government

The scope and scale of government activities, including spending, taxation, and regulation, often debated in terms of its impact on the economy and society.

Economic Growth

An increase in the production of goods and services in an economy over a period of time, often measured as the percentage increase in real gross domestic product (GDP).

Living Standards

The level of wealth, comfort, material goods, and necessities available to a person or community.