You have entered into an agreement with a supplier on a Time and Materials contract. You estimate that the work will require 4,000 hours of labor. 1,000 of those hours will be worked by people billed at $100 per hour. The other 3,000 hours will require more skilled labor at $150 per hour. Overhead costs for the supplier will be $10,000. What is the wrap rate the supplier will charge you?     $140     $150     $100     $120

You have entered into an agreement with a supplier on a Time and Materials contract. You estimate that the work will require 4,000 hours of labor. 1,000 of those hours will be worked by people billed at $100 per hour. The other 3,000 hours will require more skilled labor at $150 per hour. Overhead costs for the supplier will be $10,000. What is the wrap rate the supplier will charge you?