Question

A stadium has direct staffing costs of $108,000. Overhead costs (social security, medicare, worker's compensation, etc.) cost the stadium an additional 15%. What is the total staffing cost?

Answer 1

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Answer:

$124,200

Explanation:

We have ...

staffing cost = (direct cost) + 0.15·(direct cost)

staffing cost = (direct cost) · 1.15 = ($108,000)(1.15)

staffing cost = $124,200