Parts manager's salary and benefits $29,920 Office employee's salary and benefits 33,000 13,200 Other overhead 16,500 36,960 Total budgeted costs $181,500 $80,080 The company has budgeted for 5,500 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 $616,000.

Parts manager's salary and benefits $29,920 Office employee's salary and benefits 33,000 13,200 Other overhead 16,500 36,960 Total budgeted costs $181,500 $80,080 The company has budgeted for 5,500 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 $616,000.

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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