Cheng Co. reports the following information. Determine its (a) Time charge per hour of direct labor and
Question:
Cheng Co. reports the following information. Determine its
(a) Time charge per hour of direct labor and
(b) Materials markup percentage.
Transcribed Image Text:
Direct labor rate.. $50 per DLH Non-materials-related overhead $30 per DLH Materials-related overhead.... 7% of direct materials costs Target profit margin (on both conversion and direct materials).... 30%
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