Sunland Company provides financial consulting and has collected the following data for the next year's budgeted activity for a lead consultant. Consultants' wages $90000 Fringe benefits $22500 Related overhead $17500 Supply clerk's wages $18000 Fringe benefits $4000 Related overhead $20000 Profit margin per hour $20 Profit margin on materials 15% Total estimated consulting 5000 hours Total estimated material $180000 costs The labor rate per hour is O $41.50. O $46.00. O $42.50. O $26.00.

Sunland Company provides financial consulting and has collected the following data for the next year's budgeted activity for a lead consultant. Consultants' wages $90000 Fringe benefits $22500 Related overhead $17500 Supply clerk's wages $18000 Fringe benefits $4000 Related overhead $20000 Profit margin per hour $20 Profit margin on materials 15% Total estimated consulting 5000 hours Total estimated material $180000 costs The labor rate per hour is O $41.50. O $46.00. O $42.50. O $26.00.

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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subject:accounting
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