Aven Salon charges for their services based on the following: $\begin{array}{lc}
\text { Direct labor rate } & \$ 90 \text { per hour } \
\text { Materials markup } & 40 \%
\end{array}$ 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

Quizplus · Accepted Answer

The total price is calculated by adding the labor cost and the marked-up materials cost. Labor cost is 4 hours x $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 $90 per hour Materials markup 40%\begin{array}{lc}\text { Direct labor rate } & \$ 90 \text { per hour } \\\text { Materials markup } & 40 \%\end{array} Direct labor rate Materials markup ​$90 per hour 40%​

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