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Work the following pricing problems for services rendered. (Round to hundredths.)
Labor rate = $7.00 per hour
Labor time = 15 hours
Overhead rate = 110%
Retail price of parts = $38.75
Total job cost?

- 133.25
- 154.25
- 259.25
- 301.88

Respuesta :

MissPhiladelphia

Given:

Labor rate = $7.00 per hour
Labor time = 15 hours
Overhead rate = 110%
Retail price of parts = $38.75

 

Total job cost = ( labor rate x labor time)( overhead rate) + retail price

= ( $ 7 per hr x 15 hrs)( 1.10) + $ 38.75

= $ 154.25 

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