If the Engineer Worked for 20 Hours on a Job

question 7

Multiple Choice

If the engineer worked for 20 hours on a job, Z, the overhead rates were 125 per cent of direct labour cost and the direct labour rate was $25 per hour, what is the total cost of the job?

• A) $500
• B) $625
• C) $1000
• D) $1125

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Definitions:

Trading Securities

Financial securities that are purchased and held primarily for sale in the near term to generate income on short-term price differences.

Unrealized Holding

A profit or loss that arises from the change in value of an investment that has not yet been sold or realized.

Trading Securities

Financial instruments such as stocks and bonds that are bought and sold for the purpose of generating profits on short-term fluctuations in their prices.