1 | ||
Budgeted cost per labor hour | 32.36 | =171831/5310 |
Add: Profit margin | 38.24 | |
Labor rate | 70.60 | per hour |
2 | ||
Material loading charges | 13.01% | =94453/726000 |
Add: Profit on parts | 80.00% | |
Material loading percentage | 93.01% | |
3 | ||
Labor charges | 5648.00 | =80*70.60 |
Materials parts | 42000.00 | |
Material loading charges | 39064.20 | =42000*93.01% |
Total estimated bill | 86712.20 | |
If Materials loading percentage is rounded to 93%, | ||
Total estimated bill | 86708.00 |
accouting question: Question 17 Rey Custom Electronics (RCE) sells and installs complete security, computer, audio, and...
Exercise M-9 Rey Custom Electronics (RCE) sells and installs complete security, computer, audio, and video systems for homes. On newly constructed homes it provides bids using time-and-material pricing. The following budgeted cost data are available. Time Charges $149,943 Material Loading Charges Technicians' wages and benefits Parts manager's salary and benefits Office employee's salary and benefits Other overhead Total budgeted costs 28,069 15,822 $ 193,834 $34,700 4,780 36,387 $75,867 The company has budgeted for 6,620 hours of technician time during the...
Exercise 22-9 Rey Custom Electronics (RCE) sells and installs complete security, computer, audio, and video systems for homes. On newly constructed homes it provides bids using time-and-material pricing. The following budgeted cost data are available. Material Loading Charges Technicians' wages and benefits Parts manager's salary and benefits Office employee's salary and benefits Other overhead Total budgeted costs Time Charges $156,789 - 31,858 13,269 $ 201,916 $ 35,000 8,440 46,698 $ 90,138 The company has budgeted for 6,410 hours of technician...
BACK NEXT Exercise 21-09 Rey Custom Electronics (RCE) sells and installs complete security, computer, audio, and video systems for homes. On newly constructed homes it provides bids using time-and-material pricing. The following budgeted cost data are available. Material Time Loading Charges Charges Technicians' wages and benefits $100,000 Parts manager's salary and benefits $33,000 Office employee's salary and benefits 20,000 6,000 Other overhead 10,000 39,000 Total budgeted costs $130,000 $78,000 The company has budgeted for 5,000 hours of technician time during...
Exercise 22-9 Rey Custom Electronics (RCE) sells and installs complete security, computer, audio, and video systems for homes. On newly constructed homes it provides bids using time-and-material pricing. The following budgeted cost data are available. Material Loading Charges Charges Technicians' wages and benefits Parts manager's salary and benefits Office employee's salary and benefits Other overhead Total budgeted costs 34,700 10,800 15,37337,635 $164,186 83,135 Time 125,642 23,171 The company has budgeted for 5,530 hours of technician time during the coming year....
just e8.9 5.200 24UR The company desin eted for 7.600 hours of repair Total budgeted costs $281.200 $75,500 "pany desires a $30 profit margin per hour of labor and a 20% profit margin on parts. It has budg- Po hours of repair time in the coming year, and estimates that the total invoice cost of parts and materials in 2020 will be $400,000. Instructions a. Compute the rate charged per hour of labor. Compute the material loading percentage. (Round to...
Need help with this question! Exercise 22-8 Second Chance Welding rebuilds spot welders for manufacturers. The following budgeted cost data for 2017 is available for Second Chance. Time Charges $266,000 Material Loading Charges Technicians' wages and benefits Parts manager's salary and benefits Office employee's salary and benefits Other overhead Total budgeted costs 45,600 22,800 $334,400 $40,000 10,947 28,210 $79,157 The company desires a $35.00 profit margin per hour of labor and a 26.00% profit margin on parts. It has budgeted...
Second Chance Welding rebuilds spot welders for manufacturers. The following budgeted cost data for 2017 is available for Second Chance. Time Charges Material Loading Charges Technicians' wages and benefits $237,000 - Parts manager's salary and benefits - $39,100 Office employee's salary and benefits 71,100 9,169 Other overhead 39,500 19,300 Total budgeted costs $347,600 $67,569 The company desires a $34.00 profit margin per hour of labor and a 21.00% profit margin on parts. It has budgeted for 7,900 hours of repair...
Sheridan Welding rebuilds spot welders for manufacturers. The following budgeted cost data for 2020 is available for Sheridan. Time Charges Material Loading Charges Technicians' wages and benefits $221,200 - Parts manager's salary and benefits - $40,200 Office employee's salary and benefits 39,500 6,840 Other overhead 23,700 23,040 Total budgeted costs $284,400 $70,080 The company desires a $37 profit margin per hour of labor and a 20.00% profit margin on parts. It has budgeted for 7,900 hours of repair time in...
Exercise 8-8 (Video) Second Chance Welding rebuilds spot welders for manufacturers. The following budgeted cost data for 2020 is available for Second Chance. Time Charges $198,800 Material Loading Charges Technicians' wages and benefits Parts manager's salary and benefits Office employee's salary and benefits Other overhead Total budgeted costs 56,800 7,100 $262,700 $39,800 9,700 28,000 $77,500 - The company desires a $35 profit margin per hour of labor and a 23.00% profit margin on parts. It has budgeted for 7,100 hours...
1) Compute the labor rate per hour, 2) Compute the material loading percentage 3) Compute the total estimated bill, Question 2 Rey Custom Electronics (RCE) sells and installs complete security, computer, audio, and video systems for homes. On newly constructed homes it provides bids using time-and-material pricing. The following budgeted cost data are available. Time Charges Material Loading Charges Technicians' wages and benefits $140,700 Parts manager's salary and benefits Office employee's salary and benefits 30,820 Other overhead 18,760 Total budgeted...