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Culver Custom Electronics ( RCE ) sells and installs complete security, computer, audio, and video systems for homes. On newly constructed homes it provides bids
Culver Custom Electronics RCE 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.
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 $
Answer these parts:
a Compute the rate charged per hour of labor
bCompute material loading percentage
cPrepare a timeand material price quotation
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