Question

Marshall Grocery Delivery Service reports the following information:
Rate per hour of direct labor is:

Labor rate per hour	$	20
Rate per hour of direct labor	$	25.80
Materials markup		23	%
Target profit margin		20	%

The materials markup for a job that will use 100 labor hours and $2,000 of materials is:

Answer 1

​​​​​​Answer :- The materials markup for a job that will use 100 labor hours and $2000 of materials is :-

Materials Markup :- Materials * Materials Markup %

Materials Markup :- $2000 * 23%

Materials Markup :- $460

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