Question: Waterways uses time and material pricing when it bids on irrigation projects. Budgeted data for the coming year are as follows. Waterways has budgeted for

Waterways uses time and material pricing when it bids on irrigation projects. Budgeted data for the coming year are as follows. Waterways has budgeted for 5,700 labor hours. It desires a $13 profit margin per hour of labor and 16% profit on materials. It estimates the total invoice cost of materials in the coming year will be $630.000

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