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	$17500
Fringe benefits	$3500
Related overhead	$19500
Profit margin per hour	$20
Profit margin on materials	15%
Total estimated consulting hours	5000
Total estimated material costs	$162000

A consulting job takes 20 hours of consulting time and $180 of materials. The clients bill would be

$1160.

$832.

$1012.

$1232.