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36 Shale Remodeling uses time and materials pricing. It is setting prices for next year using the following information: Labor rate, including fringe benefits$93per hourAnnual
36 Shale Remodeling uses time and materials pricing. It is setting prices for next year using the following information:
Labor rate, including fringe benefits$93per hourAnnual labor hours 6,410hoursAnnual materials purchases$1,237,750 Materials purchasing, handling, and storage$247,550 Overhead for depreciation, taxes, insurance, etc.$711,510 Target profit margin for both labor and materials 25% What is the total price for a project requiring 220 direct labor hours and $210,000 of materials?
Labor rate, including fringe benefits$93per hourAnnual labor hours 6,410hoursAnnual materials purchases$1,237,750 Materials purchasing, handling, and storage$247,550 Overhead for depreciation, taxes, insurance, etc.$711,510 Target profit margin for both labor and materials 25%
What is the total price for a project requiring 220 direct labor hours and $210,000 of materials?
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