Question
Oriole Company provides financial consulting and has collected the following data for the next years budgeted activity for a lead consultant. Consultants wages $95,000 Fringe
Oriole Company provides financial consulting and has collected the following data for the next years budgeted activity for a lead consultant.
Consultants wages | $95,000 |
Fringe benefits | $12,500 |
Related overhead | $17,500 |
Supply clerks wages | $17,000 |
Fringe benefits | $4,500 |
Related overhead | $20,000 |
Profit margin per hour | $20 |
Profit margin on materials | 15% |
Total estimated consulting hours | 5,000 |
Total estimated material costs | $166,000 |
A consulting job takes 20 hours of consulting time and $180 of materials. The clients bill would be
Group of answer choices
$1,152
$1,080
$1,125
$972
2)
Sunland Company recently performed repair services for a customer that totaled $680. Somehow the bill was lost and the company accountant was trying to recreate the bill from memory. This is what was remembered:
Total bill | $680 |
Labor profit margin | 10 |
Materials profit margin | 20% |
Total labor charges | $470 |
Cost of materials used | $120 |
Total hourly cost | $22.5 |
What was the material loading % used?
Group of answer choices
75%
40%
90%
20%
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