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?

What is the equity method balance in the investment in lindman account at the end of 2018?

Your own record of all your transactions. a. check register b. account statement

Wo firms, a and b, each currently dump 50 tons of chemicals into the local river. the government has decided to reduce the pollution and from now on will require a pollution permit for each ton of pollution dumped into the river. it costs firm a $100 for each ton of pollution that it eliminates before it reaches the river, and it costs firm b $50 for each ton of pollution that it eliminates before it reaches the river. the government gives each firm 20 pollution permits. government officials are not sure whether to allow the firms to buy or sell the pollution permits to each other. what is the total cost of reducing pollution if firms are not allowed to buy and sell pollution permits from each other? what is the total cost of reducing pollution if the firms are allowed to buy and sell permits from each other? a. $3,000; $1,500 b. $4,500; $3,500 c. $4,500; $4,000 d. $4,500; $2,500