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(a) Calculate the rate charged per hour of labour. Rate charged $ SA per hour

(a) Calculate the rate charged per hour of labour. Rate charged $ SA per hour

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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(a) Calculate the rate charged per hour of labour. Rate charged $ SA per hour
Transcribed Image Text:(a) Calculate the rate charged per hour of labour. Rate charged $ SA per hour
Cullumber Remanufacturing rebuilds spot welders for manufacturers. The following budgeted cost data for 2022 are available for Cullumber: Technicians' wages and benefits Parts manager's salary and benefits Office employee's salary and benefits Other overhead Total budgeted costs Time Charges Material Loading Charges $204,400 51,100 14,600 $270,100 $44,400 11,100 27.750 $83,250 The company wants a $30 profit margin per hour of labour and a 30 % profit margin on parts. It has budgeted for 7,300 hours of repair time in the coming year and estimates that the total invoice cost of parts and materials in 2022 will be $444,000.
Transcribed Image Text:Cullumber Remanufacturing rebuilds spot welders for manufacturers. The following budgeted cost data for 2022 are available for Cullumber: Technicians' wages and benefits Parts manager's salary and benefits Office employee's salary and benefits Other overhead Total budgeted costs Time Charges Material Loading Charges $204,400 51,100 14,600 $270,100 $44,400 11,100 27.750 $83,250 The company wants a $30 profit margin per hour of labour and a 30 % profit margin on parts. It has budgeted for 7,300 hours of repair time in the coming year and estimates that the total invoice cost of parts and materials in 2022 will be $444,000.
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