Work the following pricing problems for services rendered. (For all calculations use hundredths.)

2 answers:

8 0

Labor time = 4 1/2 hours = 4.5 hours
overhead rate = 95% - mostly dependent on labor
retail price of parts = 134.75
total cost of job = 241.98

241.98 - 134.75 = 107.23
107.25 / (4.5 x 1.95) = 107.25 / 8.78 = 12.22 hourly rate

labor : 12.22 x 4.5 =   54.99
overhead: 54.99 x 95% =   52.24
retail price of parts   = <u>134.75</u>
total cost of job: 241.98

Aliun [14]3 years ago

8 0

Answer:

$12.22

Step-by-step explanation:

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