Shocker Electrical, which installs sophisticated electronic-control systems in new homes, prices jobs by using the time-and-materials method. The following data apply to a job for ABC Builders:
Labor hours: 180
Materials cost: $48,000
The following predictions, based on 30,000 direct labor hours, pertain to the company's operations for the year:

Shocker Electrical adds a markup of $15 per hour on its time charges, but there is no profit markup on material costs.
Required:

Calculate the price for the ABC Builders' job.

Question

Shocker Electrical, which installs sophisticated electronic-control systems in new homes, prices jobs by using the time-and-materials method. The following data apply to a job for ABC Builders:
Labor hours: 180
Materials cost: $48,000
The following predictions, based on 30,000 direct labor hours, pertain to the company's operations for the year:
  
Shocker Electrical adds a markup of $15 per hour on its time charges, but there is no profit markup on material costs.
Required:

Calculate the price for the ABC Builders' job.

Quizplus · Accepted Answer

The Answer of Shocker Electrical, which installs sophisticated electronic-control systems in new homes, prices jobs by using the time-and-materials method. The following data apply to a job for ABC Builders:
Labor hours: 180
Materials cost: $48,000
The following predictions, based on 30,000 direct labor hours, pertain to the company's operations for the year:
  
Shocker Electrical adds a markup of $15 per hour on its time charges, but there is no profit markup on material costs.
Required:

Calculate the price for the ABC Builders' job.

Shocker Electrical, Which Installs Sophisticated Electronic-Control Systems in New Homes