Question
Below are the data for J & S Plumbing Company for next year. Plumber's wages $120,000 Fringe benefits are 30% of wages Overhead is10% of
Below are the data for J & S Plumbing Company for next year.
Plumber's wages $120,000
Fringe benefits are 30% of wages
Overhead is10% of wages plus fringe benefits
The desired profit margin per labor hour is $12. The material loading charge is 50% of invoice cost. The company estimates that 5,720 labor hours will be worked next year.
If J & S Plumbing Company completes a shower/tub installation that takes 4 hours to install and uses parts costing $76, Compute the estimate for this job.
HINT:
Determine Labor costs
Determine material costs
Determine overhead costs
Add labor, material, and overhead costs to get your final answer
(IMPORTANT: Your answer must contain a $ sign in front of your answer followed by a decimal point and two digits, even if they are zeros. Your answer should resemble this example to be counted correctly: $707.07)
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