Presido Company performed a service for Josselyn, Inc. The total amount billed to Josselyn was...
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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
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$49.50.
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$13.50.
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$22.50.
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$18.00.
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None of the answers is correct.
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