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Weng CPAs charges for their services based on the following: Labor rate $ 171 per hour Materials markup 30 % Using time and materials pricing, what is the total price for services requiring 6 labor hours and $61 of materials

1 Answer

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Answer: $1105.3

Step-by-step explanation:

The information given in the question is used to solve the question below

Materials = $61

Materials markup = $61 × 30% = $61 × 0.3 = $18.3

Labor = $171 × 6 = $1026

The total price for the services will be:

= $61 + $18.3 + $1026

= $1105.3

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