Weng CPAs charges for their services based on the following: Using time and materials pricing, what is the total price for services requiring 8 labor hours and $50 of materials?
A) $1,350.
B) $1,450.
C) $1,300.
D) $1,330.
E) $1,360.

Question

Weng CPAs charges for their services based on the following:  Using time and materials pricing, what is the total price for services requiring 8 labor hours and $50 of materials?
A) $1,350. 
B) $1,450. 
C) $1,300. 
D) $1,330. 
E) $1,360.

Quizplus · Accepted Answer

Total price = Labor + Materials + Materials markup
($160 × 8) + $50 + ($50 × 40%) = $1,350

Weng CPAs Charges for Their Services Based on the Following