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Bramble Welding rebuilds spot welders for manufacturers. The following budgeted cost data for 2022 is available for Bramble. Material Time Loading Charges Charges Technicians' wages
Bramble Welding rebuilds spot welders for manufacturers. The following budgeted cost data for 2022 is available for Bramble. Material Time Loading Charges Charges Technicians' wages and benefits $210,600 Parts manager's salary and benefits $39,100 Office employee's salary and benefits 54,600 11,370 Other overhead 39,000 19,600 Total budgeted costs $304,200 $70,070 The company desires a $35 profit margin per hour of labor and a 30% profit margin on parts. It has budgeted for 7,800 hours of repair time in the coming year, and estimates that the total invoice cost of parts and materials in 2022 will be $392,000. (a) Compute the rate charged per hour of labor. Labor rate $ eTextbook and Media: per hour Compute the material loading percentage. (Round answer to 3 decimal places, e.g. 10.501%) Material loading percentage % (c). Pace Corporation has requested an estimate to rebuild its spot welder. Bramble estimates that it would require 36 hours of labor and $2,000 of parts. Compute the total estimated bill. (Round answer to 2 decimal places, eg. 10.50.) Total estimated bill $
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