The transcription production for February was 225,333 lines. The total work hours for all transcriptionist for the same period was 2,000. The average hourly cost was $13.50. Determine the cost per line for operating this service for this month.
The transcription production for February was 225,333 lines. The total work hours for all transcriptionist for the same period was 2,000. The average hourly cost was $13.50. Determine the cost per line for operating this service for this month.
To determine the cost per line for transcription, first calculate the total cost of labor. Multiply the total work hours (2000) by the average hourly cost ($13.50), which results in $27,000. Then, divide this total cost by the number of lines produced (225,333). The calculation is as follows: $27,000 / 225,333 ≈ $0.12. Therefore, the cost per line is $0.12.
2000 X 13.50=27000/225333=.12 ($ 12)