Sheffield Corp. provides financial consulting and has collected the following data for the next year's budgeted activity for a lead consultant $100000 $32500 $27500 $19000 $5000 Consultants' wages Fringe benefits Related overhead Supply clerk's wages Fringe benefits Related overhead Profit margin per hour Profit margin on materials Total estimated consulting hours Total estimated material $22000 $20 15% 5000 $160000 costs The labor rate per hour is $51.50. $32.00 $52.00 $50.50