23. Carlos Consulting Inc. provides financial consulting and has collected the following data for the next year's budgeted activity for a lead consultant.

Consultants' wages $90,000

Fringe benefits $22,500

Related overhead $17,500

Supply clerk's wages $18,000

Fringe benefits $4,000

Related overhead $20,000

Profit margin per hour $20

Profit margin on materials 15%

Total estimated consulting hours 5,000

Total estimated material costs $168,000

The material loading charge is

Group of answer choices

40%.

55%.

15%.

25%.