Homework Answers
| Budgeted cost per labor hour | 45.52 | =(128163+39984+64005)/5100 |
| Add: Profit margin | 17.25 | |
| Labor rate | 62.77 | per hour |
| Labor charges | 75.32 | =1.2*62.77 |
| Materials parts | 78.45 | |
| Material loading charges | 47.07 | =78.45*60% |
| Total cost | 200.84 |
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Presented below are data relating to labor for Verde Appliance Repair Shop. Repair-technicians' wages Fringe benefits...
Presented below are data relating to labor for Verde Appliance Repair Shop. Repair-technicians' wages Fringe benefits...
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Presented below are data relating to labor for Verde Appliance Repair Shop. Repair-technicians' wages Fringe benefits...
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Compute the labor rate for Sutton’s Electronic Repair Shop for
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10.50.)
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Sutton's Electronic Repair Shop has budgeted the following time and material for 2020. SUTTON'S ELECTRONIC REPAIR SHOP Budgeted Costs for the Year 2020 Time Charges Material...
1) Compute the labor rate for Sutton’s Electronic Repair Shop for the year 2020 2) Compute...
1) Compute the labor rate for Sutton’s
Electronic Repair Shop for the year 2020
2) Compute the Material loading percentage
3) Compute the Total Estimated bill
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Presented below are data relating to labor for Verde Appliance Repair Shop. Repair-technicians' wages Fringe benefits Overhead $119,228 34,112 51,332 The and desired profit margin per hour is $16.54. The material loading charge is 60% of invoice cost. Verde estimates that 4,100 labor hours will be worked next year. If Verde repairs a dishwasher that takes 1.3 hours to repair uses parts of $72.53, compute the bill for the job. (Round answer to 2 decimal places, e.g. 10.50.) Total cost
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Do It! Review 22-3 x Your answer is incorrect. Try again. Presented below are data relating to labor for Verde Appliance Repair Shop. Repair-technicians' wages Fringe benefits Overhead $142,851 38,046 71,094 The desired profit margin per hour is $18.95. The material loading charge is 60% of invoice cost. Verde estimates that 5,100 labor hours will be worked next year. If Verde repairs a dishwasher that takes 1.4 hours to repair and uses parts of $74.06, compute the bill for the...
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Compute the labor rate for Sutton’s Electronic Repair Shop for
the year 2017. (Round answer to 2 decimal places, e.g.
10.50.)
Compute the material loading charge percentage for Sutton’s
Electronic Repair Shop for the year 2017.
Calculate the time-and-material price quotation for fixing the
flat-screen TV. (Round answer to 2 decimal places, e.g.
10.50.)
Sutton's Electronic Repair Shop has budgeted the following time and material for 2020. SUTTON'S ELECTRONIC REPAIR SHOP Budgeted Costs for the Year 2020 Time Charges Material...
1) Compute the labor rate for Sutton’s
Electronic Repair Shop for the year 2020
2) Compute the Material loading percentage
3) Compute the Total Estimated bill
Question 5 Sutton's Electronic Repair Shop has budgeted the following time and material for 2020. SUTTON'S ELECTRONIC REPAIR SHOP Budgeted Costs for the Year 2020 Time Charges $105,600 Material Loading Charges $25,400 19,200 17,650 Shop employees' wages and benefits Parts manager's salary and benefits Office employee's salary and benefits Overhead (supplies, depreciation, advertising, utilities)...
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