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Waterway Industries provides financial consulting and has collected the following data for the next years budgeted activity for a lead consultant. Consultants wages $94000 Fringe
Waterway Industries provides financial consulting and has collected the following data for the next years budgeted activity for a lead consultant.
Consultants wages | $94000 |
Fringe benefits | $30500 |
Related overhead | $20500 |
Supply clerks wages | $19000 |
Fringe benefits | $5000 |
Related overhead | $22000 |
Profit margin per hour | $20 |
Profit margin on materials | 15% |
Total estimated consulting hours | 5000 |
Total estimated material costs | $162000 |
The labor rate per hour is
| $49.00. |
| $46.10. |
| $48.10. |
| $29.00. |
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