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Presido Company performed a service for Josselyn, Inc. The total amount billed to...

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Accounting

Presido Company performed a service for Josselyn, Inc. The total amount billed to Josselyn was $1,080. The intern who prepared the bill forgot to save the document and Presidos accountant is now trying to recreate the bill. The total cost of materials used was $216 and the total amount of labor charges was $702. The hourly rate paid for labor is $40.50. If 12 labor hours were used to complete the job, what was the hourly charge to cover profit margin?

Multiple Choice

  • $49.50.

  • $13.50.

  • $22.50.

  • $18.00.

  • None of the answers is correct.

Answer & Explanation Solved by verified expert
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