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Sheffield Corp. provides financial consulting and sells its own line of financial planners and budgeting products. The company has collected the following data for
Sheffield Corp. provides financial consulting and sells its own line of financial planners and budgeting products. The company has collected the following data for the next year's budgeted activity for a lead consultant and the supplies clerk. Consultants' wages $77000 Benefits $23500 Related overhead $22500 Clerk's wages $19000 Benefits $3000 Related overhead $30000 Profit margin per hour $20 Profit margin on materials 15 % Total estimated consulting hours Total estimated material costs 5000 $180000 If a consulting job takes 20 hours of consulting time and $180 of materials, the client's bill would be $1151. O $1072. $931. $751.
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