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 purchase$1,206,250 Materials purchasing, handling, and storage$241,250 Overhead for depreciation, taxes, insurance, etc.$670,000 Target profit margin for both labor and materials 25% What should Shale set as the materials markup per dollar of materials used?
A. 50%.
B. 45%.
C. 25%.
D. 40%.
E. 20%.
Answer: B
You might also like to view...
Your cover slide should usually include:
a. subtitle b. date c. name of client d. all of the above
A private company does not need to have any directors
Indicate whether the statement is true or false
Use Table 11.1 to answer this question. After scoring a terrific deal on tortillas, Big Truck Tacos decides to produce 120 tacos in weeks 1, 2, and 3. If they make tacos in batches of 20, what should their MPS entry be for fifth week of production?
A) 60 B) 80 C) 100 D) 120
A firm is trying to determine whether it would be advantageous to adopt a new computer system with advanced software. It is investigating how this computer system will improve its own operational efficiency. It is also examining trends in the industry to determine the impact that adopting this computer system might have on customers and society at large. The firm is engaging in
A. monopolistic competition. B. economic forecasting. C. self-regulation. D. environmental analysis. E. technology assessment.