Question: Shale Remodeling uses time and materials pricing. It reports the following information: Direct labor rate $ 105 per DLH Non-materials-related overhead $ 75 per DLH

Shale Remodeling uses time and materials pricing. It reports the following information: Direct labor rate $ 105 per DLH Non-materials-related overhead $ 75 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?

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