Town and Country Auto Repair uses time and material pricing. The Body Shop has the following cost data. Labour rate per hour including fringe benefits $ 18.00 Annual labour hours $ 10 000 Annual overhead costs: Material handling and storage $ 15 000 Other overhead costs $ 75 000 Annual cost of materials used $ 187 500 Hourly charge to cover profit margin $ 9.50 If a particular job takes 10 hours in labor and $500 in materials, determine the price charged for the job. A. $775 B. $850 C. $390 D. $890

Town and Country Auto Repair uses time and material pricing. The Body Shop has the following cost data. Labour rate per hour including fringe benefits $ 18.00 Annual labour hours $ 10 000 Annual overhead costs: Material handling and storage $ 15 000 Other overhead costs $ 75 000 Annual cost of materials used $ 187 500 Hourly charge to cover profit margin $ 9.50 If a particular job takes 10 hours in labor and $500 in materials, determine the price charged for the job. A. $775 B. $850 C. $390 D. $890

Name: Town and Country Auto Repair uses time and material pricing. The Body
Uploaded: 2024-03-20T06:32:49.000Z
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Description: Town and Country Auto Repair uses time and material pricing. The Body Shop has the following cost data. Labour rate per hour including fringe benefits$ 18.00Annual labour hours$ 10 000Annual overhead costs: Material handling and storage$ 15 000Other

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter2: Building Blocks Of Managerial Accounting

Section: Chapter Questions

Problem 4EA: Hicks Contracting collects and analyzes cost data in order to track the cost of installing decks on...

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bartleby, a Learneo, Inc. business

Labour rate per hour including fringe benefits	$ 18.00
Annual labour hours	$ 10 000
Annual overhead costs:
Material handling and storage	$ 15 000
Other overhead costs	$ 75 000
Annual cost of materials used	$ 187 500
Hourly charge to cover profit margin	$ 9.50