Business, 04.03.2021 21:40 hardwick744

In late January, the company experienced a fire in its facilities that destroyed most of the accounting records. The accountant remembers that the hourly labor rate was $71 and that the material loading charge was 84%. (a) Correct answer iconYour answer is correct. Determine the profit margin per hour on labor. (Round intermediate calculations to 2 decimal places, e. g. 10.25 and final answer to 0 decimal places, e. g. 10.) Profit margin on labor $Type your answer here per hour eTextbook and Media Attempts: 2 of 5 used (b) Correct answer iconYour answer is correct. Determine the profit margin on materials. (Round intermediate calculations to 2 decimal places, e. g. 10.25% and final answer to 0 decimal places, e. g. 10%.) Profit margin on materials Type your answer here % eTextbook and Media Attempts: 3 of 5 used (c) Incorrect answer iconYour answer is incorrect. Determine the total price of labor and materials on a job that was completed after the fire that required 150 hours of labor and $55,500 in parts and materials.

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