Use the Information Below to Answer the Following Question(s)

question 102

Multiple Choice

Use the information below to answer the following question(s) .At the high point of the relevant range, labour hours at Bradco Restoration were 10,000 and wages were $22,500.At the low point of the relevant range, labour hours were 7,500 and wages were $17,500.
-What is the high-low estimate of the labour costs at Bradco Restoration when 8,000 hours are used?

• A)$21,500
• B)$18,500
• C)$17,750
• D)$17,250
• E)$17,125

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Definitions:

Monthly Basis

An occurrence or calculation that happens every month.

Round Answers

Round Answers indicates the practice of adjusting numerical answers to a specified degree of precision, often the nearest whole number, to simplify presentation or calculation.

Simple Interest

Simple interest is a calculation of interest that does not take into account the effect of compounding. Interest is applied only to the principal over a set period.

Monthly Basis

A timeframe or calculation done once every month or for each month.