Carlos Consulting Inc -The Labor Rate Per Hour Is
A)$42

question 110

Multiple Choice

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

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

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Definitions:

Asymmetric Information

A situation in which one party in a transaction has more or better information than the other, often leading to an imbalance in power or unfair outcomes.

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The total expenses, including interest and fees, associated with taking out a loan.

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