Labor Information

Regular Rate $$15\mathrm{.}00/$hr

Overtime Rate $$\frac{24\mathrm{.}50}{h}r$

Targeted Labor Cost $$12,000/$wk

Labor Hours Needed $800/$wk

Any hour worked over $40$ hrs$/$wk must be paid overtime rate

For a $13-$person team, how does the actual weekly labor cost compare to the target?

$$15$ over target

$$300$ over target

$$740$ over target

$$2,660$ over target

$$7,600$ over target