How much is the customer invoice for the service work?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Hypothetical actual Costs from the last Medical Attack Vehicle (MAV) built by Wheeled Coach:
Bill of Materials | Cost |
Ford F650 Chassis | 70000 |
DuraLite Cabinet System | 6000 |
Seating | 3000 |
Rear Cargo Cabin Shell | 5000 |
Electrical Wiring Harnesses | 2000 |
LED Lighting Panels | 1000 |
6 Tires | 3600 |
Wood panels for interior buildout | 1000 |
Metal Interior Panels | 1000 |
Doors & Windows |
800 |
Paint | 500 |
On Board Computer | 500 |
Flashing Exterior Lights | 800 |
Sound System | 400 |
Custom Decals | 200 |
SafePass Door Handles | 400 |
Pure Air Filtration System | 1000 |
CornerCap Lighting System | 1200 |
Stealth Power System | 2000 |
Cool-Bar Airconditioning System | 1000 |
Total Materials | 101,400 |
Direct Labor | Hours | Average Rate |
Assembler | 200 | $20.00 |
Electrician | 32 | $20.00 |
Painters | 16 | $20.00 |
Fabricators | 12 | $20.00 |
Computer Tech | 18 | $20.00 |
AC/Power Specialist | 32 | $20.00 |
Water Pressure Testers | 10 | $20.00 |
Total Hours | 320 |
Suppose Wheeled Coach also has a maintenance department to service their customer's ambulances. They charge for services based on the following:
Hourly rate for work is $146
Materials are charged to the customer at cost plus a 9% handling fee
Orange County Emergency Services brings a vehicle in for service and it takes 16 hours plus the following materials:
Brake Rotors $354
Bearings $159
Oil & filter $51
How much is the customer invoice for the service work?
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