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Blossom budgets 4,000 hours of paint time in 2022 and will charge a profit of $12.00 per hour in addition to a 20% markup on
Blossom budgets 4,000 hours of paint time in 2022 and will charge a profit of $12.00 per hour in addition to a 20% markup on the cost ot paint. On February 15, 2022. Blossom is asked to prepare a price estimate to paint a small building. Blossom estimates that this job will take 12 labor bours and $620.00 in paint. Compute the material loading charge rate for 2022. Material loading charge Prepare a time-and-material price estimate for paiming the building. (Round answers to 2 decimal ploces, eg. 5275 ) Labor charges Material charges Cost of paint Material loadini charge Total price of labor and materials bank and appraisals for home buyers that are financing their purchase through some other financial institution. The department charges $245 per home appraisal and its variable costs are $200 per appraisal. Recently, Cullumber Mortgage Bankhas opened its own Home-Loan Department and wants the Appraisal Department to perform 1,220 appraisals on all Cullumber Mortgage Bank-financed home loans. Bank management feels that the cost of these appraisals to the Home-Loan Department should be $230. The variable cost per appraisal to the Home-Loan Department would be $10 less than those performed for outside custo hers due to savings in administrative costs. (a) Determine the minimum transfer price assuming that the Appraisal Department has excess capacity. Minimum transfer price $ Determine the minimum transfer price asuming that the Appraisal Department has no excess capacity. Minimum transfer price
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