Use the Following Information for Questions
Carlos Consulting Inc

question 105

Multiple Choice

Use the following information for questions
Carlos Consulting Inc. provides financial consulting and has collected the following data for the next year's budgeted activity for a lead consultant. $$\begin{array} { c l } \text { Consultants' wages } & \$ 90,000 \\\text { Fringe benefits } & \$ 22,500 \\\text { Related overhead } & \$ 17,500 \\\text { Supply clerk's wages } & \$ 18,000 \\\text { Fringe benefits } & \$ 4,000 \\\text { Related overhead } & \$ 20,000 \\\text { Profit margin per hour } & \$ 20 \\\text { Profit margin on materials } & 15 \% \\\text { Total estimated consulting hours } & 5,000 \\\text { Total estimated material costs } & \$ 168,000\end{array}$$
-The labor rate per hour is

• A) $42.50.
• B) $26.00.
• C) $41.50.
• D) $46.00.

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Definitions:

Ectoderm

The outermost layer of embryonic cells, which develops into the nervous system, skin, and hair.

Epidermis

The outermost layer of skin that serves as a protective barrier against the environment.

Collagen Fibers

Ropelike protein of the extracellular matrix.

Dermis

Dense irregular connective tissue that forms the deep layer of the skin.