Cheng Company reports the following information. Direct labor rate $ 170...
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Accounting
Cheng Company reports the following information.
| Direct labor rate | $ 170 | per DLH |
|---|---|---|
| Non-materials-related overhead | $30 | per DLH |
| Materials-related overhead | 19 | % of direct materials costs |
| Target profit margin (on both conversion and direct materials) | 30 | % |
Determine its (a) time charge per hour of direct labor and (b) materials markup percentage.
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