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Ralph's Auto Repair uses time and material pricing. The body shop, which anticipates 50,000 direct labor hours of activity, has the following cate: Annual overhead

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Ralph's Auto Repair uses time and material pricing. The body shop, which anticipates 50,000 direct labor hours of activity, has the following cate: Annual overhead costa: Material handling and storage Other overhead costs Annual cost of materials used Labor rate per hour, including frirge benefits Hourly charge to achieve profit margin $ 18,000 81,000 150,000 26 15 Assuming there is no profit markup on material cost, the amount to be added to each dollar of material cost to obtain the total material charge is 0 None of the answers is correst

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