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Inse Corporation uses time and material pricing. The repair department expects 50,000 direct labor hours of activity and has the following selected data: Labor and
Inse Corporation uses time and material pricing. The repair department expects 50,000 direct labor hours of activity and has the following selected data:
| Labor and fringe benefit costs | $ | 600,000 | |
| Overhead Costs (excludes material handling and storage) | 400,000 | ||
| Target profit | 200,000 | ||
The company's time charge per hour is:
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Managerial Accounting
Authors: Karen W. Braun, Wendy M. Tietz
3rd edition
132890542, 978-0132890540
