Work the following pricing problems for services rendered. (for all calculations use hundredths.)

labor time = 4 1/2 hours
overhead rate = 95%
retail price of parts = $134.75
total cost of job = $241.98
hourly rate?

Hourly Rate = $12.22 per hour

Step-by-step explanation:

Overhead Rate = 95%

Retail price of parts = $134.75

Total cost of job = $241.98

Cost of labor = Total cost - Retail price

                      = 241.98 - 134.75

                      = $107.23

Now, labor works for 4.5 hours and ears a total amount of $107.23

Now, Labor will get 95% overhead rate

⇒ The labor is getting 100% already but an overhead of 95% is also given

i need more details sorry

step-by-step explanation: