Homework Answers
1. Calculation of hourly wage rate
| Particulars | ($) |
| Salary per year | 57500 |
| hours worked in a year(hrs) | 2300 |
| hourly rate | 25 |
2.
| direct labour rate | $25 |
| + indirect cost per hour | $24 |
| total hourly cost | $49 |
| + profit margin | $12.25 |
| hourly billing rate | $61.25 |
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