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Business, 05.05.2020 05:33 nayelialvarez5950
Labor rate, including fringe benefits $ 36 per labor hour Annual labor hours 10,000 hours Annual materials (parts) purchases $ 2,000,000 Annual overhead costs: Materials purchasing, handling, and storage $ 360,000 Other overhead (depreciation, insurance, taxes, rent) $ 170,000 Target profit margin (on both labor and materials) 32 % 1. Compute the price (rate) per hour of direct labor. (Round your answer to 2 decimal places.) 2. Compute the materials markup (in %).
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Labor rate, including fringe benefits $ 36 per labor hour Annual labor hours 10,000 hours Annual mat...
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