Explanation

There are 2 ways to do this now that we know the amount spent on labor.

First, 20% of the total expenses of \(\$240,000\) vent for labor:

\(0.20 \times \$240,000 = \$48,000\)

**OR**

if you know that Labor is \(\$96,000\), and Operating Expenses is 1/2 of Labor, you could divide \(\$96,000 \div 2 = \$48,000\).

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