Compute the rate charged per hour of labor. (Round answer to 2 decimal places, e.g. 10.50.)Labor rateeTextbook and MediaCompute the material loading percentage.Material loading percentageeTextbook and Mediaper hourRCE has just received a request for a bid on a security and home entertainment system from Buil Builders on a $1,368,000 newhome. The company estimates that the job would require 80 hours of labor and $45,600 of parts. Compute the total estimatedbill.Total estimated bill $ Concord Custom Electronics (RCE) sells and installs complete security, computer, audio, and video systems for homes. On newlyconstructed homes it provides bids using time-and-material pricing. The following budgeted cost data are available.Technicians' wages and benefitsParts manager's salary and benefitsOffice employee's salary and benefitsOther overheadTotal budgeted costsTimeCharges$171,00042,75028,500$242,250MaterialLoadingCharges$38,76017,10047,880$103,740The company has budgeted for 7,125 hours of technician time during the coming year. It desires a $38 profit margin per hour of laborand an 80% profit on parts. It estimates the total invoice cost of parts and materials in 2022 will be $798,000.

Overhead costs may be applied at a set rate based on the number of machine hours or labour hours…

Compute the rate charged per hour of labor. (Round answer to 2 decimal places, e.g. 10.50.) Labor rate $ eTextbook and Media Compute the material loading percentage. Material loading percentage eTextbook and Media per hour RCE has just received a request for a bid on a security and home entertainment system from Buil Builders on a $1,368,000 new home. The company estimates that the job would require 80 hours of labor and $45,600 of parts. Compute the total estimated bill. Total estimated bill

Compute the rate charged per hour of labor. (Round answer to 2 decimal places, e.g. 10.50.) Labor rate $ eTextbook and Media Compute the material loading percentage. Material loading percentage eTextbook and Media per hour RCE has just received a request for a bid on a security and home entertainment system from Buil Builders on a $1,368,000 new home. The company estimates that the job would require 80 hours of labor and $45,600 of parts. Compute the total estimated bill. Total estimated bill

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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Please answer all three questions in picture. Hansel Company...
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