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TIME AND MATERIAL PRICING! Total budgeted Time Charges are $345,600. Total budgeted Material Loading Charges are $165,060. Total expected labor hours are 12,000 hours. Total
TIME AND MATERIAL PRICING! Total budgeted Time Charges are $345,600. Total budgeted Material Loading Charges are $165,060. Total expected labor hours are 12,000 hours. Total expected materials cost is $1,260,000. Profit margin per hour on labor is $40. Profit margin on materials is 80%. Determine the total price of a job that requires 150 hours of labor and $60,000 in parts
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