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lesya [120]
3 years ago
11

Labor time = 8 hours

Mathematics
2 answers:
Blizzard [7]3 years ago
6 0
 8(1.65)R + 98.70 = 242.58 13.20R = 143.88 [subtract 98.70 from both sides] R = $10.90 / hr. [divide both sides by 13.20] 
Masteriza [31]3 years ago
5 0

Answer:

Hourly Rate for labor = 10.9%

Step-by-step explanation:

Labor time = 8 hours

Overhead rate = 65%

Retail price of parts = $98.70

Total cost of job = $242.58

Let hourly rate of the labor be r

⇒ Labor time × (1 + overhead rate) × r + Retail price = Total cost

⇒ 8 × (1 + 0.65) × r + 98.70 = 242.58

⇒ 8 × 1.65 × r = 242.58 - 98.70

⇒ 13.2 × r = 143.88

⇒ r = 10.9

Thus, Hourly Rate for labor = 10.9%

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