Aven Salon charges for their services based on the following: $$\begin{array}{l}
\begin{array} { l l r }
\text {Direct labor rate} &\$ 90 per hour\
\text {Materials markup}&40 \%\
\end{array}
\end{array}$$ Using time and materials pricing,what is the total price for services requiring 4 direct labor hours and $150 of materials?
A)$510.
B)$420.
C)$600.
D)$570.
E)$360.

Question

Aven Salon charges for their services based on the following: $$\begin{array}{l}
\begin{array} { l  l r } 
\text {Direct labor rate} &\$ 90 per hour\
\text {Materials markup}&40 \%\
\end{array}
\end{array}$$ Using time and materials pricing,what is the total price for services requiring 4 direct labor hours and $150 of materials?
A)$510.
B)$420.
C)$600.
D)$570.
E)$360.

Quizplus · Accepted Answer

The total price is calculated by adding the direct labor cost and the marked-up materials cost. Direct labor cost is 4 hours * $90/hour = $360. Materials cost with markup is $150 + (40% of $150) = $150 + $60 = $210. Total price = $360 + $210 = $570.

Aven Salon Charges for Their Services Based on the Following Direct labor rate$90perhourMaterials markup40%\begin{array}{l}\begin{array} { l l r } \text {Direct labor rate} &\$ 90 per hour\\\text {Materials markup}&40 \%\\\end{array}\end{array}Direct labor rateMaterials markup​$90perhour40%​​

Aven Salon Charges for Their Services Based on the Following $\begin{array}{l}\begin{array} { l l r } \text {Direct labor rate} &\$ 90 per hour\\\text {Materials markup}&40 \%\\\end{array}\end{array}$