Question

Alma and Associates, a new consulting service, recently received a bill for repairs on its computers totaling $2,280. Alma thinks it may have been overcharged and is trying to recreate the components of the bill. She knows the hourly rate is $75 and 15 hours of labor was charged. She also knows $700 of parts were replaced. Compute the material loading charge percentage the repair service used. Material loading charge percentage Type your answer here

Answer 1

65%

Step-by-step explanation:

Alma and Associates

Total repair bill $2,280

Less labor charges (15 hours × $75) $1,125

Total charge for parts $1,155

Less parts cost $700

Cost of loading charge $455

Parts cost $455÷ $700

Loading charge percentage 65%