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Concord Corporation provides financial consulting and has collected the following data for the next years budgeted activity for a lead consultant. Consultants wages $85000 Fringe
Concord Corporation provides financial consulting and has collected the following data for the next years budgeted activity for a lead consultant.
Consultants wages | $85000 |
Fringe benefits | $22500 |
Related overhead | $17500 |
Supply clerks wages | $17000 |
Fringe benefits | $3000 |
Related overhead | $21000 |
Profit margin per hour | $20 |
Profit margin on materials | 15% |
Total estimated consulting hours | 5000 |
Total estimated material costs | $164000 |
A consulting job takes 20 hours of consulting time and $180 of materials. The clients bill would be
| $1152. |
| $752. |
| $932. |
| $1080. |
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