Shale Remodeling uses time and materials pricing.It is setting prices for next year using the following information: 
What is the total price for a project requiring 160 direct labor hours and $150,000 of materials?
Definitions:
Chromic Acid
An oxidizing agent made by dissolving chromium trioxide in water or by dissolving dichromate salts in sulfuric acid, used primarily in cleaning laboratory glassware and in certain oxidation reactions.
3° Alcohol
A tertiary alcohol where the hydroxyl (OH) group is attached to a carbon atom that is also attached to three other carbon atoms.
Yield
The amount of product produced in a chemical reaction relative to the theoretical maximum possible, often expressed as a percentage.
Ketone Product
A compound resulting from reactions involving ketones, typically characterized by the presence of a carbonyl group bonded to two carbon atoms.
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