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he labor rate per hour i

- August 24, 2022 - Edwin Tunner

Coronado Industries provides financial consulting and has collected the following data for the next year’s budgeted activity for a lead consultant.

Consultants’ wages $90000
      Fringe benefits $12500
      Related overhead $7500
Supply clerk’s wages $17000
      Fringe benefits $3000
      Related overhead $19000
Profit margin per hour $20
Profit margin on materials 15%
Total estimated consulting hours 5000
Total estimated material costs $166000

The labor rate per hour is?

 

 

 $42.00.

 

 $35.70.

 

 $22.00.

 

 $34.70.
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