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A customer has requested a quotation for a machining job consisting of 80 parts. The starting work part is a casting that will cost $17.00 per casting. The average production time of the job is 13.80 min on an automatic machine whose equipment cost rate is $66.00/hr. This rate does not include any overhead costs. Tooling cost is $0.35 per part. The factory overhead rate is 128% and the corporate overhead rate is 230%. These rates are applied only to time and tooling costs, not starting material costs. The company uses a 15% markup on total cost for its price quotes. What is the quoted price for this job?

A customer has requested a quotation for a machining job consisting of 80 parts. The starting work part is a casting that will cost $17.00 per casting. The average production time of the job is 13.80 min on an automatic machine whose equipment cost rate is $66.00/hr. This rate does not include any overhead costs. Tooling cost is $0.35 per part. The factory overhead rate is 128% and the corporate overhead rate is 230%. These rates are applied only to time and tooling costs, not starting material costs. The company uses a 15% markup on total cost for its price quotes. What is the quoted price for this job?

Computer Networking: A Top-Down Approach (7th Edition)
Computer Networking: A Top-Down Approach (7th Edition)
7th Edition
ISBN:9780133594140
Author:James Kurose, Keith Ross
Publisher:James Kurose, Keith Ross
Chapter1: Computer Networks And The Internet
Section: Chapter Questions
Problem R1RQ: What is the difference between a host and an end system? List several different types of end...
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A customer has requested a quotation for a machining job consisting of 80 parts. The start
ing work part is a casting that will cost $17.00 per casting. The average production time of 
the job is 13.80 min on an automatic machine whose equipment cost rate is $66.00/hr. This 
rate does not include any overhead costs. Tooling cost is $0.35 per part. The factory over
head rate is 128% and the corporate overhead rate is 230%. These rates are applied only 
to time and tooling costs, not starting material costs. The company uses a 15% markup on 
total cost for its price quotes. What is the quoted price for this job?

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