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Shale Remodeling uses time and materials pricing. It reports the following information: Direct labor rate Non-materials-related overhead Materials-related overhead Target profit margin (both conversion and

Shale Remodeling uses time and materials pricing. It reports the following information: Direct labor rate Non-materials-related overhead Materials-related overhead Target profit margin (both conversion and direct materials) $60 per DLH $ 30 per DLH What price should the company quote for a job requiring four direct labor hours and $580 in materials? 10% of direct materials cost 20%

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