Crane's Custom Electronics (CCE) 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. Time Charges Technicians' wages and benefits $154,180 Parts manager's salary and benefits $33,408 Office employee's salary and benefits 25,499 11,832 Other overhead 17,197 41,760 Total budgeted costs $196,876 $87,000 The company has budgeted for 5,930 hours of technician time during the coming year. It wants a $41 profit margin per hour of labour and a 100% profit on parts. It estimates the total invoice cost of parts and materials in 2022 will be $696,000. (a) (b) Calculate the material loading percentage. (Round answer to 2 decimal places, e.g. 15.25%.) Material loading Q Search %

Crane's Custom Electronics (CCE) 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. Time Charges Technicians' wages and benefits $154,180 Parts manager's salary and benefits $33,408 Office employee's salary and benefits 25,499 11,832 Other overhead 17,197 41,760 Total budgeted costs $196,876 $87,000 The company has budgeted for 5,930 hours of technician time during the coming year. It wants a $41 profit margin per hour of labour and a 100% profit on parts. It estimates the total invoice cost of parts and materials in 2022 will be $696,000. (a) (b) Calculate the material loading percentage. (Round answer to 2 decimal places, e.g. 15.25%.) Material loading Q Search %

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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