Apple offers device service and repair through its AppleCare program, Assumed data follow.Direct labor rateNon-baterials-related overheadMaterials-related overheadTarget profit margin (on both conversion and direct materials)Required:1. Compute time charge per hour of direct labor (in $).2. Compute materials markup per dollar of direct material cost (in %).3. Use time and materials pricing to compute the price for a local college. Apple estimates the obligation to this college will require1,000 direct labor hours and $35,000 of direct materials cost.1. Time charge per hour of direct labor2. Materials markup3. Time and materials price$40 per direct labor hour$10 per direct labor hour4 of direct materials cost40%per hour%

The term "direct labor" refers to labor that is used directly in the production process, putting in…

Non-baterials-related overhead Materials-related overhead Target profit margin (on both conversion and direct materials) Required: 1. Compute time charge per hour of direct labor (in $). 2. Compute materials markup per dollar of direct material cost (in %). 910 per hour 46. 40% 3. Use time and materials pricing to compute the price for a local college. Apple estim 1,000 direct labor hours and $35,000 of direct materials cost. Time charge per hour of direct labor

Non-baterials-related overhead Materials-related overhead Target profit margin (on both conversion and direct materials) Required: 1. Compute time charge per hour of direct labor (in $). 2. Compute materials markup per dollar of direct material cost (in %). 910 per hour 46. 40% 3. Use time and materials pricing to compute the price for a local college. Apple estim 1,000 direct labor hours and $35,000 of direct materials cost. Time charge per hour of direct labor

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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I need c and d part
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