Question: Apple offers device service and repair through its AppleCare program. Assumed data follow. Direct labor rate Non-materiale-related overhead Materials-related overhead Target profit margin (on

Apple offers device service and repair through its AppleCare program. Assumed data

Apple offers device service and repair through its AppleCare program. Assumed data follow. Direct labor rate Non-materiale-related overhead Materials-related overhead Target profit margin (on both conversion and direct materials) Required: 1. Compute time charge per hour of direct labor (in $). $40 per direct labor hour $10 per direct labor hour 4% of direct materials cost 40

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