Questions: You are a production accountant for a movie. A production loss required 12 hours of rental equipment at 500 per hour and caused overtime scheduling that cost an additional 9,000 in wages. What was the total cost of this loss? F. 6,000 G. 9,042 H. 9,500 J. 9,512 K. 15,000

You are a production accountant for a movie. A production loss required 12 hours of rental equipment at 500 per hour and caused overtime scheduling that cost an additional 9,000 in wages. What was the total cost of this loss? F. 6,000 G. 9,042 H. 9,500 J. 9,512 K. 15,000
Transcript text: You are a production accountant for a movie. A production loss required 12 hours of rental equipment at $\$ 500$ per hour and caused overtime scheduling that cost an additional $\$ 9,000$ in wages. What was the total cost of this loss? F. $\$ 6,000$ G. $\$ 9,042$ H. $\$ 9,500$ J. \$9,512 K. $\$ 15,000$
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Solution

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Solution Steps

To find the total cost of the production loss, we need to calculate the cost of the rental equipment and the additional wages, then sum these two amounts. The rental equipment cost is calculated by multiplying the hourly rate by the number of hours rented. The additional wages are given directly.

Step 1: Calculate Rental Cost

The cost of the rental equipment is calculated as follows: \[ \text{Rental Cost} = \text{Rental Rate per Hour} \times \text{Rental Hours} = 500 \times 12 = 6000 \]

Step 2: Calculate Total Cost

The total cost of the production loss includes both the rental cost and the additional wages: \[ \text{Total Cost} = \text{Rental Cost} + \text{Additional Wages} = 6000 + 9000 = 15000 \]

Final Answer

The total cost of the production loss is \\(\boxed{15000}\\).

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