Question 16 (3 points)
A company calculated the following formula for its monthly utility cost.
Total Utility Cost = $1,200 + ($8.10 \times Labor Hours)
Assume that 775 labor hours are budgeted for the month of November.
If the company incurs 9,600 labor hours for the year, what would be the estimate of
total utility cost?
$76,560
None of these calculation are correct
$92,160
$78,960