Concord Corporation provides financial consulting and has collected the following data for the next years budgeted activity for a lead consultant, the company employs time and materials pricing.

Consultants wages	$94000
Fringe benefits	$30500
Related overhead	$20500
Materials clerks wages	$18000
Fringe benefits	$3200
Related overhead	$22000
Profit margin per hour	$20
Profit margin on materials	15%
Total estimated consulting hours	5000
Total estimated material costs	$162000

A consulting job takes 20 hours of consulting time and $180 of materials. The clients bill would be

$1015.

$1235.

$1160.

$835.