Second Chance Welding rebuilds spot welders for manufacturers. The following budgeted cost data for 2017 is available for Second ChanceMaterialLoadingChargesTimeChargesTechnicians'S175,000wages andbenefitsPartsmanager'ssalary andbenefits$39,000Officeemployee'ssalary andbenefits28,0006,600Other7,00019,000overheadTotalbudgeted$210,000$64,600costs The company desires a S30.00 profit margin per hour of labor and a 20.00% profit margin on parts. It has budgeted for 7,000 hours of repair time in the coming year, and estimates that thetotal invoice cost of parts and materials in 2017 will be S380,000.a Compute the rate charged per hour of laborb. Compute the material loading percentagea Jeff Corporation has requested an estimate to rebuild its spot welder. Second Chance estimates that it would require 25 hours of labor and $2.000 of parts. Compute the total estimated billLabel each part and show ALL your work!

Second Chance Welding rebuilds spot welders for manufacturers. The following budgeted cost data for 2017 is available for Second Cha Material Loading Charges Time Charges Technicians' S175,000 wages and benefits Parts manager's salary and benefits $39,000 Office employee's salary and benefits 28,000 6,600 Other overhead 7,000 19,000 Total budgeted $210,000 $64,600 costs

Second Chance Welding rebuilds spot welders for manufacturers. The following budgeted cost data for 2017 is available for Second Cha Material Loading Charges Time Charges Technicians' S175,000 wages and benefits Parts manager's salary and benefits $39,000 Office employee's salary and benefits 28,000 6,600 Other overhead 7,000 19,000 Total budgeted $210,000 $64,600 costs

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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