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California Temps, a large labor contractor, supplies contract labor to construction companies. For 2 0 2 0 , California Temps has budgeted to supply 8

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California Temps, a large labor contractor, supplies contract labor to construction companies. For 2020, California Temps has budgeted to supply 83,000 hours of contract labor. Its variable costs are $14 per hour, and its fixed costs are $166,000. Roger Mason, the general manager, has proposed a cost-plus approach for pricing labor at full cost plus 10%.
Read the requirements.
Requirement 1. Calculate the price per hour that California Temps should charge based on Mason's proposal.
Begin by determining the formula to calculate the price per hour based on Mason's proposal, then calculate the price. (Complete all answer boxes. Round the price per hour to two decimal places.)
]= Price per hour x=
Requirement 2. On the basis of the additional information, calculate the price per hour that California Temps should charge to maximize operating income.
First select the formula that will be used to determine the optimal price per hour, then calculate the total contribution at each price per hour.
\table[[Price per hour,x,]=,Total contribution],[,,],[at: $17,x,=,],[$19,x,=,],[$21,x,=,],[$22,x,=,],[$23,,=,]]
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