The desired profit margin per labor hour is $10. The material loading charge is 40% of invoice cost. Benoit estimates that 7,500 labor hours will be worked next year. Repair-technicians' wages $130,000, Fringe benefits $30,000 and overhead $20,000. If Benoit repairs a TV that takes 4 hours to repair and uses parts costing $50. Instruction: Show your computation Compute the bill for this job in Fix It Felix Shop.

The desired profit margin per labor hour is $10. The material loading charge is 40% of invoice cost. Benoit estimates that 7,500 labor hours will be worked next year. Repair-technicians' wages $130,000, Fringe benefits $30,000 and overhead $20,000. If Benoit repairs a TV that takes 4 hours to repair and uses parts costing $50. Instruction: Show your computation Compute the bill for this job in Fix It Felix Shop.

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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A furniture company manufactures desks and chairs. Each desk requires 29 hours to manufacture and contributes $400 to profit, and each chair requires 19 hours to manufacture and contributes $250 to profit. Due to marketing restrictions, a total of 2000 hours are available. Use Solver to maximize the company’s profit. What is the maximum profit? How many desks and chairs should the company manufacture? Of the 2000 available hours, how many hours will be used?
Fred is considering three job offers in advertising. A full-time position as a coordinator that pays a salary of $40,000 per year. A full-time position as a designer that pays an hourly wage of $28. The job assumes five 8-hour days per week. A sales representative that pays a 5% commission. Sales reps typically sell an average of $100,000 per month in advertising. The following are the specifics about the benefits of the job opportunities: The U.S. government will deduct Social Security (6.2%) and Medicare (1.45%). Fred will deduct 15% of Gross Income to cover Federal Income Tax. Fred does not live in a state with State Income Tax. Fred is planning on taking two weeks of vacation and has typically been sick 3 days per year. The Coordinator job includes two weeks of paid vacation and five paid sick days per year, paid health insurance, life insurance costing $35 per month, and a fully paid retirement plan. The Designer job includes five paid vacation days and three paid sick days…
C. W. McCall sells a goldplated souvenir mug; McCall expects to sell 2,100 units for $50 each to earn a $30 contribution margin per unit. Janice McCall, president, expects the year’s total market to be 35,000 units. For the year just completed, the local college won the national hockey championship, and as a result, the total actual market was 140,000 units. C. W. McCall sold 5,600 units and calculates sales variances using contribution margin. What is the firm’s sales volume variance?
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Part 1 is complete. I have copied it below before Part 2. This should help to complete Part 2 since there is no missing information. Newspaper ad $120 per month Social media manager $100 per month; $1 per job scheduled Payment collection $0.75 per job Gas $4.00 per job Considering his analysis of similar services and to keep things simple, W.T. plans to price all jobs the same and charge $15 per job. Because of this flat rate, he anticipates he’ll likely need to create different types of “jobs”. For example, purchasing a list of items at the grocery store would be one job, while a bundle of 2-3 small errands such as picking up dry cleaning and prescriptions, might be considered one job. We’ll deal with those details later. For now, assume that all jobs are priced at $15 each and all have the associated variable expenses listed above. Because this will be a new business, W.T. knows business will likely be slow at the beginning. Complete the following…
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Answer
Please solve with steps. Thank you??
Allison Arkin sells homemade knit scarves for $25 each at local craft shows. Her contribution margin ratio is 60%. Currently, the craft show entrance fees cost Allison $900 per year. The craft shows are raising their entrance fees by 20% next year. How many extra scarves will Allison have to sell next year just to pay for rising entrance fee costs? Begin by identifying the general formula to compute the breakeven sales in units. + = Breakeven sales in units

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