HH Electric reports the following information. Direct labor rate $ 81...
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Accounting
HH Electric reports the following information.
Direct labor rate
$ 81
per DLH
Non-materials-related overhead
$ 49
per DLH
Materials-related overhead
5%
of direct materials cost
Target profit margin (on both conversion and direct materials)
20%
a. Compute the time charge per hour of direct labor. b. Compute the materials markup percentage. c. What price should the company quote for a job requiring four direct labor hours and $648 in materials?
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