Swifty Corporation 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 $100000 O $19.00. O $58.00. O $50.67. O $38.00. 60000 30000 $19000 3000 15000 $20 The labor rate per hour for this consultant is 15 % 5000 $172000

Swifty Corporation 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 $100000 O $19.00. O $58.00. O $50.67. O $38.00. 60000 30000 $19000 3000 15000 $20 The labor rate per hour for this consultant is 15 % 5000 $172000

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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oriole company provides financial consulting and has collected the following data for the nexts years budgeted activity for a lead consultant, the company employs time and materials pricing. consultants wages $95000 fringe benefits $12500 related overhead $17500 materials clerk wages$17000 fringe benefits $4500 related overhead $20000 profit margin per hour $20 profit margin on materials 33% total estimated consulting hours 5000 total estimated material costs $166000.... the material loading charge is?a)33% b)58% c)25% d)91%
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