Question: Shale Remodeling uses time and materials pricing. It reports the following information: Direct labor rate $ 60 per DLH Non-materials-related overhead $ 30 per DLH

Shale Remodeling uses time and materials pricing. It reports the following information:

Direct labor rate $ 60 per DLH
Non-materials-related overhead $ 30 per DLH
Materials-related overhead 10% of direct materials cost
Target profit margin (both conversion and direct materials) 20%

What price should the company quote for a job requiring four direct labor hours and $580 in materials?

Multiple Choice

  • $606.

  • $1,012.

  • $784.

  • $838.

  • $1,186.

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