Sunland Company provides financial consulting and sells its own line of financial planners and budgeting products. The company has collected the following data for the next year's budgeted activity for a lead consultant and the supplies clerk. Consultants wages Benefits Related overhead Clerk's wages Benefits Related overhead Profit margin per hour Profit margin on materials Total estimated consulting hours Total estimated material costs $120000 30000 10000 $17000 5000 21000 $20 $32.00 $16.00. $30.48 $52.00 15 % 5000 The labor rate per hour for this consultant is $172000
Sunland Company provides financial consulting and sells its own line of financial planners and budgeting products. The company has collected the following data for the next year's budgeted activity for a lead consultant and the supplies clerk. Consultants wages Benefits Related overhead Clerk's wages Benefits Related overhead Profit margin per hour Profit margin on materials Total estimated consulting hours Total estimated material costs $120000 30000 10000 $17000 5000 21000 $20 $32.00 $16.00. $30.48 $52.00 15 % 5000 The labor rate per hour for this consultant is $172000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:Sunland Company provides financial consulting and sells its own line of financial planners and budgeting products. The company has collected the
following data for the next year's budgeted activity for a lead consultant and the supplies clerk.
Consultants' wages
Benefits
Related overhead
Clerk's wages
Benefits
Related overhead
Profit margin per hour
Profit margin on materials
Total estimated consulting hours
Total estimated material costs
$120000
30000
10000
$17000
5000
$32.00
$16.00.
$30.48
$52,00
21000
$20
The labor rate per hour for this consultant is
15 %
5000
$172000
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