Question: What is the total project overhead for a project that lasts 3 months and has the following costs? Labor is $4,000; materials are $9,500; equipment

What is the total project overhead for a project that lasts 3 months and has the following costs? Labor is $4,000; materials are $9,500; equipment rentals are $1,200; superintendent's annual salary is $36,000; office rent is $800 per month; and office utilities are $375 per month.
Question Result: Incorrect Your answer: Between $12,000 and $16,000.
Correct answer: Less than $12,000.

Could you please explain me step by step how to get less than $12000?

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