Technicians' wages and benefits Parts manager's salary and benefits Office employee's salary and benefits Other overhead Total budgeted costs (a) Time Charges $234,300 Calculate the rate charged per hour of labour. Rate charged $ 49,700 21,300 $305,300 Material Loading Charges The company wants a $40 profit margin per hour of labour and a 30% profit margin on parts. It has budgeted for 7,100 hours of repair time in the coming year and estimates that the total invoice cost of parts and materials in 2022 will be $358,000. per hour $34,905 14,320 19,690 $68,915
Technicians' wages and benefits Parts manager's salary and benefits Office employee's salary and benefits Other overhead Total budgeted costs (a) Time Charges $234,300 Calculate the rate charged per hour of labour. Rate charged $ 49,700 21,300 $305,300 Material Loading Charges The company wants a $40 profit margin per hour of labour and a 30% profit margin on parts. It has budgeted for 7,100 hours of repair time in the coming year and estimates that the total invoice cost of parts and materials in 2022 will be $358,000. per hour $34,905 14,320 19,690 $68,915
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:Technicians' wages and benefits
Parts manager's salary and benefits
Office employee's salary and benefits
Other overhead
Total budgeted costs
(a)
Time Charges
$234,300
Calculate the rate charged per hour of labour.
Rate charged
$
49,700
21,300
$305,300
Material Loading Charges
The company wants a $40 profit margin per hour of labour and a 30% profit margin on parts. It has budgeted for 7,100 hours of repair
time in the coming year and estimates that the total invoice cost of parts and materials in 2022 will be $358,000.
per hour
$34,905
14,320
19,690
$68,915
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