Question: How do I find out the formula to work this problem: An employee of Olentangy foundry, INC. worked a normal 40-hour shift, but four hours
How do I find out the formula to work this problem:
An employee of Olentangy foundry, INC. worked a normal 40-hour shift, but four hours were idle due to a small fire in the plant. The employee earns $16 per hour.
1: calculate the employee's total compensation for the week.
2. How much of this compensation is a direct-labor cost? How much is overheard?
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