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TDM Temps supplies contract student workers to local businesses. For the 2017/2018 academic year, TDM Temps has budgeted to supply 84,000 hours of...
Tas K. Master, student labor coordinator, has proposed a cost-plus approach for pricing student labor at full cost plus 20%. Information regarding demand levels at different prices is given below. GivenDemand (hrs)124,00084,00074,00061,000 TDM Temps can meet any of these demand levels. Fixed costs will remain unchanged for all the demand levels. Required1- Calculate the price per hour that TDM Temps should charge based on Master's proposal. 2- Calculate the price per hour that TDM Temps should charge to maximize operating income. Contribution margins for different prices and demand realizations are as follows:
