Sunland Company recently performed repair services for a customer that totaled $680. Somehow the bill was lost and the company accountant was trying to recreate the bill from memory. This is what was remembered: Total bill $680 Labor profit margin 10 Materials profit margin 20% Total labor charges $470 Cost of materials used $120 Total hourly cost $22.5 What was the material loading % used

Respuesta :

Answer:

75%

Explanation:

Total bill                                $680

Less: Total labor charges    $470

Total material charges        $210

Total material charges            $210

Less: Cost of materials used  $120

Mark up on materials             $90  

Material loading charge = $90/$120

Material loading charge = 0.75

Material loading charge = 75%

So, the material loading % used is 75%