Question: Dudly Drafting Services uses a 45% material loading percentage and a labor charge of 20 per hour. How much will be charged on a job

Dudly Drafting Services uses a 45% material loading percentage and a labor charge of 20 per hour. How much will be charged on a job that requires 3.5 hours of work and 40 of materials? a. 128 b. 110 c. 88 d. 133 Ans: a, LO: 3, Bloom: AP, Difficulty: Medium, Min: 2, AACSB: Analytic, AICPA FC: Decision Modeling, IMA: Decision Analysis 38. The time component under time-and-material pricing includes a a. loading charge. b. charge for receiving, handling, and storing materials. c. portion of the materials clerks wages. d. profit margin. Ans: d, LO: 3, Bloom: K, Difficulty: Easy, Min: 1, AACSB: None, AICPA FC: Decision Modeling, IMA: Decision Analysis 39. Using time-and-material pricing involves how many steps? a. 4 b. 3 c. 2 d. 1

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