Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Cody's Car Care Centre specializes in providing car tune-ups, brake jobs, and tire replacements for most vehicle makes and models. Cody's charges customers for materials

Cody's Car Care Centre specializes in providing car tune-ups, brake jobs, and tire replacements for most vehicle makes and models. Cody's charges customers for materials "at cost" but charges labour at a rate of $88 per hour. The labour rate is high enough to cover actual mechanic wages ($27 per hour) and shop overhead (allocated at a cost of $15 per hour), and to provide a profit. Aidan recently had a 60,000 km service performed on his van. Materials used on the job included $8.95 for oil and filter, $68.45 for transmission fluid exchange, $20.86 for the air filter, and $33.25 for the cabin filter. The mechanic spent 1.4 hours on the job. Requirements 1. How much was charged to the customer for this work? 2. What was Cody's cost for this job? 3. How much profit did Cody's earn on this job? Requirement 1. How much was charged to the customer for this work? (Round your answers to the nearest cent.) Billed to customer Aidan's Job Inc

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting

Authors: Thomson, South Western

22nd Edition

032464020X, 978-0324640205

More Books

Students also viewed these Accounting questions