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 should Shale set as rate per hour of labor hour?
A. $200.
B. $180.
C. $225.
D. $150.
E. $250.
Answer: C
You might also like to view...
Mathematicians call a sequence of steps a(n) _____ and the categories of data that are considered when following those steps parameters.
Fill in the blank(s) with the appropriate word(s).
Extrinsic motivation refers to …
a. those internal states that drive us towards behaviours that directly meet esteem needs b. those internal states that drive us towards behaviours that directly meet self-actualization needs c. those internal states that drive us towards behaviours that directly meet belongingness needs d. All of the above
Explain the levels of communication with an example each
Why would a manager begin the evaluation process by asking the individual to evaluate his or her contributions to the project?
Fill in the blank(s) with the appropriate word(s).