Answered

Work the following pricing problems for services rendered. (Round to hundredths.)

Labor rate = $7.00 per hour

Labor time = 15 hours

Overhead rate = 110%

Retail price of parts = $38.75

Total job cost?

  • 133.25
  • 154.25
  • 259.25
  • 301.88

Verified Answer :

MissPhiladelphia

Given:

Labor
rate = $7.00 per hour

Labor time = 15 hours

Overhead rate = 110%

Retail price of parts = $38.75

 

Total job cost = ( labor rate x labor time)(
overhead rate) + retail price

= ( $ 7 per hr x 15 hrs)( 1.10) + $ 38.75

= $ 154.25 

Related Questions