Ron Butler, a Custom Home Builder, Is Looking Over the Expenses

question 120

Short Answer

Ron Butler, a custom home builder, is looking over the expenses he incurred for a house he just completed constructing. For the purpose of pricing future construction projects, he would like to know the average wage ($/hour) he paid the workers he employed. Listed below are the categories of worker he employed, along with their respective wage and total hours worked. What is the average wage ($/hour) he paid the workers?

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Definitions:

Marketable Securities

These are liquid financial instruments that can easily be converted into cash at their current value in the financial markets.

Selling And Administrative Expenses

Expenses related to the selling of products and the management of the business, not directly tied to manufacturing.

Noncurrent Assets

Noncurrent assets are long-term assets not expected to be converted into cash or used up within one year, such as property, plant, and equipment.

Stockholders' Equity

The residual interest in the assets of a corporation after deducting its liabilities, representing the ownership stake of shareholders.