Business, 02.12.2021 02:10, rose200215

HH Auto Repair reports the following information for the coming year. Labor rate, including fringe benefits $46 per labor hour
Annual labor hours 11,000 hours
Annual materials (parts) purchases $2,100,000
Annual overhead costs:
Materials purchasing, handling, and storage $378,000
Other overhead (depreciation, insurance, taxes, rent) $165,000
Target profit margin (on both labor and materials) 27%

Required:
a. Compute the price (rate) per hour of direct labor b. Compute the materials markup On c. What price should the company quote for a Job requiring four labor hours and $660 In parts?

Answers: 2

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HH Auto Repair reports the following information for the coming year. Labor rate, including fringe...