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

Question

Quizplus · Accepted Answer

The programmer is required to complete four assignments, each of which takes 50 hours to complete. Therefore, the total number of hours of work required is 4 x 50 = 200 hours. The cost per hour for the programmer's services is $35/hour, and the overhead rate is $1.50. The direct billing charge can be calculated as follows: Direct labor cost = 200 x $35 = $7,000 Overhead cost = 200 x $1.50 = $300 Total cost = Direct labor cost + Overhead cost = $7,000 + $300 = $7,300 Since each assignment takes 50 hours to complete and there are four assignments, the total cost of completing all four assignments would be $7,300 x 4 = $29,200. Therefore, the direct billing charge per assignment would be $29,200/4 = $7,300. However, the question asks for the direct billing charge for all four assignments combined. Therefore, the direct billing charge is $7,300 x 4 = $<<7300*4=29200>>29,200 But this is not given as an option. The closest option is C, which is $10,500. This is clearly incorrect, so the question appears to contain an error or oversight.

Consider a Programmer Who Is Required to Complete Four Work