Sarasota Welding rebuilds spot welders for manufacturers. The following budgeted cost data for 2022 is available for Sarasota.Technicians' wages and benefitsParts manager's salary and benefitsOffice employee's salary and benefitsOther overheadTotal budgeted costsTimeCharges$260,70055,30015,800$331,800MaterialLoadingCharges$40,30010,66029,120$80,080The company desires a $38 profit margin per hour of labor and a 24% profit margin on parts. It has budgeted for 7,900 hours of repairtime in the coming year, and estimates that the total invoice cost of parts and materials in 2022 will be $416,000. Compute the material loading percentage. (Round answer to 3 decimal places, e.g. 10.501%.)Material loading percentageeTextbook and Media* Your answer is incorrect.Total estimated bill $23.875277.4%Pace Corporation has requested an estimate to rebuild its spot welder. Sarasota estimates that it would require 35 hours of laborand $2,000 of parts. Compute the total estimated bill. (Round answer to 2 decimal places, e.g. 10.50.)Assistance Used

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Description: Sarasota Welding rebuilds spot welders for manufacturers. The following budgeted cost data for 2022 is available for Sarasota.Technicians' wages and benefitsParts manager's salary and benefitsOffice employee's salary and benefitsOther overheadTotal

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Sarasota Welding rebuilds spot welders for manufacturers.

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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