Labor Information

Regular Rate $$16\mathrm{.}00/$hr

Overtime Rate $$23\mathrm{.}50/$hr

Targeted Labor Cost $$12,000/$wk

Labor Hours Needed $750/$wk

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

$$16$ over target

$$300$ over target

$$1,160$ over target

$$1,425$ over target

$$5,625$ over target

For a $14-$person team, how does the actual weekly labor cost compare to the target?