Question

Work the following pricing problems for services rendered. (Round to hundredths.)

Labor rate = $7.00 per hour
Labor time = 15 hours
Overhead rate = 110%
Retail price of parts = $38.75
Total job cost?

- 133.25
- 154.25
- 259.25
- 301.88

Answer 1

133.25

Explanation:

Answer 2

Given:

Labor rate = $7.00 per hour
Labor time = 15 hours
Overhead rate = 110%
Retail price of parts = $38.75 Total job cost = ( labor rate x labor time)( overhead rate) + retail price = ( $ 7 per hr x 15 hrs)( 1.10) + $ 38.75 = $ 154.25