Question

Sunland Company recently performed repair services for a customer that totaled $680. Somehow the bill was lost and the company accountant was trying to recreate the bill from memory. This is what was remembered: Total bill $680 Labor profit margin 10 Materials profit margin 20% Total labor charges $470 Cost of materials used $120 Total hourly cost $22.5 What was the material loading % used

Answer 1

75%

Step-by-step explanation:

Total bill $680

Less: Total labor charges $470

Total material charges $210

Total material charges $210

Less: Cost of materials used $120

Mark up on materials $90

Material loading charge = $90/$120

Material loading charge = 0.75

Material loading charge = 75%

So, the material loading % used is 75%