Shale Remodeling uses time and materials pricing. It is setting prices for next year using the following information: Labor rate, including fringe benefits$75per hourAnnual labor hours 6,350hoursAnnual materials purchases$1,206,250 Materials purchasing, handling, and storage$241,250 Overhead for depreciation, taxes, insurance, etc.$666,750 Target profit margin for both labor and materials 25% What is the total price for a project requiring 160 direct labor hours and $150,000 of materials?
A. $225,000.
B. $256,000.
C. $210,000.
D. $253,500.
E. $184,000.
Answer: D
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