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:
Troy Ounce
A unit of measure for precious metals that is approximately 31.1035 grams, commonly used in the trading of gold and silver.
Milligrams
A unit of mass in the metric system equal to one thousandth of a gram.
Provincial Budget
A financial plan specific to a province, outlining its revenues and expenditures over a fiscal period.
Forecast Expenditure
An estimate of future costs or expenses over a specified period, often used for budgeting purposes.
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