Use the Following Information for Questions
Carlos Consulting Inc

question 17

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. $$\begin{array} { c l } \text { Consultants' wages } & \$ 90,000 \\\text { Fringe benefits } & \$ 22,500 \\\text { Related overhead } & \$ 17,500 \\\text { Supply clerk's wages } & \$ 18,000 \\\text { Fringe benefits } & \$ 4,000 \\\text { Related overhead } & \$ 20,000 \\\text { Profit margin per hour } & \$ 20 \\\text { Profit margin on materials } & 15 \% \\\text { Total estimated consulting hours } & 5,000 \\\text { Total estimated material costs } & \$ 168,000\end{array}$$
-A consulting job takes 20 hours of consulting time and $180 of materials. The client's bill would be

• A) $1,172.
• B) $772.
• C) $952.
• D) $1,100.

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Definitions:

Critical Thinking

The objective analysis and evaluation of an issue in order to form a judgment, crucial in problem solving and decision-making processes.

Reasoned Thought

The process of thinking about something in a logical, sensible way, often involving critical evaluation.

Hierarchical Process

A structured method where tasks or decisions are arranged in levels of importance or authority.

Practical Knowledge

Knowledge gained through direct experience or practice, as opposed to theoretical understanding.