Concord Corporation provides financial consulting and has collected the following data for the next year’s budgeted...

Concord Corporation provides financial consulting and has collected the following data for the next year’s budgeted activity for a lead consultant.

Consultants’ wages	$85000
Fringe benefits	$22500
Related overhead	$17500
Supply clerk’s wages	$17000
Fringe benefits	$3000
Related overhead	$21000
Profit margin per hour	$20
Profit margin on materials	15%
Total estimated consulting hours	5000
Total estimated material costs	$164000

A consulting job takes 20 hours of consulting time and $180 of materials. The client’s bill would be

$1152.

$752.

$932.

$1080.

Expert Solution

ekkarill92 answered 2 years ago

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