Sheffield Corp. provides financial consulting and has collected the following data for the next years...

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Accounting

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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