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Crane Custom Electronics ( CCE ) sells and installs complete security, computer, audio, and video systems for homes. On newly constructed homes it provides bids
Crane Custom Electronics CCE sells and installs complete security, computer, audio, and video systems for homes. On newly constructed homes it provides bids using timeandmaterial pricing. The following budgeted cost data are available.
Time Charges
Material Loading Charges
$
Total par
Total par
Total par
Total par
Technicians wages and benefits
$
Parts manager's salary and benefits
Office employee's salary and benefits
Other overhead
Now, let's ca
Total esti
Total esti
Total est
So the tota
$
Total budgeted costs
$
The company has budgeted for hours of technician time during the coming year. It desires a $ profit margin per hour of labor and an profit on parts. It estimates the total invoice cost of parts and materials in will be $
Compute the rate charged per hour of labor. Round answer to decimal places, eg
Labor rate
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