Calculating Price by Applying a Markup Percentage to Cost

The J. Escobar Law Firm provides various legal services to organizations. J. Escobar has decided to price its jobs at the total variable costs of the job plus 15.7 percent. The job for a medium-sized dance club client included the following costs:

Direct materials	$ 5,000
Direct labor (partners and staff accountants)	90,000
Depreciation (using straight-line method) on Integritys office building	50,000

Required:

Calculate the price charged by The J. Escobar Law Firm to the dance club. If required, round to the nearest dollar.