Coronado Industries provides financial consulting and sells its own line of financial planners and budgeting products. The company has collected the following data for the next year's budgeted activity for a lead consultant and the supplies clerk.
Consultants' wages
$120000
Benefits
25000
Related overhead
10000
Clerk's wages
$17000
Benefits
3000
Related overhead
19000
Profit margin per hour
$20
Profit margin on materials
15 %
Total estimated consulting hours
5000
Total estimated material costs
$162000
What is the labor rate per hour for this consultant?

Answer rating: 100% (QA)

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