HH Electric reports the following information. a. Compute the time charge per hour of direct labor. b.

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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?

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Fundamental Accounting Principles

ISBN: 9781260247985

25th Edition

Authors: John J Wild, Ken Shaw

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Question Posted: Oct 28, 2021 01:43 AM

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HH Electric reports the following information. a. Compute the time charge per hour of direct labor. b.

Question:

Direct labor rate. $30 per DLH Non-materials-related overhead. $15 per DLH Materials-related overhead .... 5% of direct materials cost Target profit margin (on both conversion and direct materials)..... 20%

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Fundamental Accounting Principles

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