(mathrm{HH}) Electric reports the following information. a. Compute the time charge per hour of direct labor. b....
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\(\mathrm{HH}\) Electric reports the following information.
a. Compute the time charge per hour of direct labor.
b. Compute the materials markup percentage.
c. What price should the company quote for a job requiring four direct labor hours and \(\$ 580\) in materials?
Transcribed Image Text:
$30 per DLH $15 per DLH 5% of direct materials cost Direct labor rate... Non-materials-related overhead.. Materials-related overhead.. Target profit margin (on both conversion and direct materials)..... 20%
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