Business, 18.12.2019 03:31, garysingh7
Yelk garage uses time and materials pricing. it is setting prices for next year using the following information: labor rate, including fringe benefits $ 63 per hour annual labor hours 3,100 hours annual materials purchases $ 836,000 materials purchasing, handling, and storage $ 41,800 overhead for depreciation, taxes, insurance, etc. $ 77,500 target profit margin for both labor and materials 25 % what should yelk set as the materials markup per dollar of materials used
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