Chapter $25$ Homework

i

HH Electric reports the following information.

$9\mathrm{.}09$

Direct labor rate

Non$-$materials$-$related overhead

Materials$-$related overhead

Target profit margin $($on both conversion and direct materials$)$

Target profit margin $($on both conversion and direct materials$)$

a$.$ Compute the time charge per hour of direct labor.

b$.$ Compute the materials markup percentage.

c$.$ What price should the company quote for a job requiring four direct labor hours and $$600$ in materials?

$\backslash$table$[[$a$.$ Time charge per hour of direct labor,,$],[$b$.$ Materials markup,,$\%$