Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Cousin's Construction budgets for 5400 Labor Hours per year. Labor costs for the year are as follows. Construction Workers Wages: $250,000 Office Worker Wages: $65,000

image text in transcribed
Cousin's Construction budgets for 5400 Labor Hours per year. Labor costs for the year are as follows. Construction Workers Wages: $250,000 Office Worker Wages: $65,000 Benefits and Taxes: $94,500 Cousin's Construction budgets Total Material Invoices for the year to equate to $300,000. They employ a Receiving Manager and Secretary to take care of the Material Orders. Their salaries are as follows.. Receiving Manager: $75,000 Secretary: $35,000 Cousin's requires a $12 profit on labor hours and an 8% profit on the Material Loading Charge. If a job will require 45 hours of work, and $7,500 in materials, how much would Cousin's charge for the job? ***Please show work in a neat, orderly form and clearly indicate the final

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_2

Step: 3

blur-text-image_3

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

Information Technology Auditing An Evolving Agenda

Authors: Jagdish Pathak

1st Edition

3642060579, 978-3642060571

More Books

Students also viewed these Accounting questions

Question

Describe how language reflects, builds on, and determines context?

Answered: 1 week ago