Register

Work the following pricing problems for services rendered. (For all calculations use hundredths.) Labor time = 8 hours Overhead rate = 65% Retail price of parts = $98.70 Total c…

Work the following pricing problems for services rendered. (For all calculations use hundredths.) Labor time = 8 hours Overhead rate = 65% Retail price of parts = $98.70 Total c…
68.5k views
4 votes
Work the following pricing problems for services rendered. (For all calculations use hundredths.) Labor time = 8 hours Overhead rate = 65% Retail price of parts = $98.70 Total cost of job = $242.58 What is hourly rate for labor?

User Lannetta
by
7.4k points

2 Answers

5 votes
the answer to that is 10.9 per hour
User Martin Lund
by
8.8k points
4 votes
242.58=8r (1+0.65)+98.70
Solve for r
R=10.9 per hour
User Ross Symonds
by
8.0k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Link Copied!