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ASAP Marigold and Associates provides professional consulting services to a variety of clientele in an effort to help them improve the operating effectiveness and profitability
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Marigold and Associates provides professional consulting services to a variety of clientele in an effort to help them improve the operating effectiveness and profitability of their businesses. At the start of the year, budgeted MOH costs were $258,000; budgeted direct labor hours, its allocation base, were 100,000 . The company is considering doing work for a new client that is estimated to take around 45 hours. How much should Marigold bid on this job if the company incurs a direct labor rate of $38 /hour and charges a 60% mark-up above job costs? (Round answer to 2 decimal places, eg. 5,275.25.) Bid price $ Step by Step Solution
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