Yelk Garage uses time and materials pricing. It is setting prices for next year using the following information: Labor rate, including fringe benefits $ 61 per hour Annual labor hours 3,150 hours Annual materials purchases $ 833,000 Materials purchasing, handling, and storage $ 54,000 Overhead for depreciation, taxes, insurance, etc. $ 75,600 Target profit margin for both labor and materials 20 % What should Yelk set as the direct labor rate per hour

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Do it! review 16-3 the assembly department for right pens has the following production data for the current month. beginning work in process units transferred out ending work in process 0 22,500 16,000 materials are entered at the beginning of the process. the ending work in process units are 70% complete as to conversion costs. compute the equivalent units of production for (a) materials and (b) conversion costs. materials conversion costs the equivalent units of production