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Question - A cleaning service has the following total costs:
Maids' wages and benefits = 150,230
Office employees' salary and benefits = 92,600
Other overhead = 18,740
If the company expects to have 8,000 total labor hours and would like a profit margin of $6.00 per hour, what rate should the company charge clients per hour (round your answer if necessary)?
A: $32.70
B: $38.70
C: $24.78
D: $36.35
The fair value for the property is $100,000. What amount would be booked to the 'accumulated depreciation' account if Grover chooses to use the proportional method to record the revaluation?
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