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Sheffield Corp. provides financial consulting and has collected the following data for the next years budgeted activity for a lead consultant.
Consultants wages | $ 100000 |
Fringe benefits | $ 32500 |
Related overhead | $ 27500 |
Supply clerks wages | $ 17500 |
Fringe benefits | $ 3000 |
Related overhead | $ 19000 |
Profit margin per hour | $ 20 |
Profit margin on materials | 15% |
Total estimated consulting hours | 5000 |
Total estimated material costs | $ 158000 |
A consulting job takes 20 hours of consulting time and $ 180 of materials. The clients bill would be
$ 1292.
$ 1220.
$ 1072.
$ 892.
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