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
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter7: Allocating Costs Of Support Departments And Joint Products
Section: Chapter Questions
Problem 30E: A company uses charging rates to allocate service department costs to the using departments. The...
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![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 $](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff0f07aea-baf6-4e82-8715-8abee3f9dde9%2F2206601f-05d5-49e8-bf68-f95028b6ecb2%2Fcxx2glm_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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 $
![Concord 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.
Technicians' wages and benefits
Parts manager's salary and benefits
Office employee's salary and benefits
Other overhead
Total budgeted costs
Time
Charges
$171,000
42,750
28,500
$242,250
Material
Loading
Charges
$38,760
17,100
47,880
$103,740
The company has budgeted for 7,125 hours of technician time during the coming year. It desires a $38 profit margin per hour of labor
and an 80% profit on parts. It estimates the total invoice cost of parts and materials in 2022 will be $798,000.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff0f07aea-baf6-4e82-8715-8abee3f9dde9%2F2206601f-05d5-49e8-bf68-f95028b6ecb2%2F0x91mhb_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Concord 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.
Technicians' wages and benefits
Parts manager's salary and benefits
Office employee's salary and benefits
Other overhead
Total budgeted costs
Time
Charges
$171,000
42,750
28,500
$242,250
Material
Loading
Charges
$38,760
17,100
47,880
$103,740
The company has budgeted for 7,125 hours of technician time during the coming year. It desires a $38 profit margin per hour of labor
and an 80% profit on parts. It estimates the total invoice cost of parts and materials in 2022 will be $798,000.
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