Marigold Corp. provides financial consulting and has collected the following dat

Question

Marigold Corp. provides financial consulting and has collected the following data for the next year’s budgeted activity for a lead consultant.

A consulting job takes 20 hours of consulting time and $180 of materials. The client’s bill would be

Consultants’ wages $80000       Fringe benefits $22500       Related overhead $17500 Supply clerk’s wages $17000       Fringe benefits $5000       Related overhead $19000 Profit margin per hour $20 Profit margin on materials 15% Total estimated consulting hours 5000 Total estimated material costs $164000

Explanation / Answer

Therefore, the right answer is option (d) $ 732

Consulting Wages 80000 Fringe Benefits 22500 Related Overheads 17500 Total 120000 Total Estimated Consulting Hours 5000 Consulting Wages per Hour (120000/5000) 24

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