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24 March, 17:43

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

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  1. 24 March, 18:08
    0
    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
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