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Exercise 14.21 Wildhorse Homes is a house cleaning service. As a special feature, Wildhorse Homes will supply flowers or small decorator items when they clean
Exercise 14.21 Wildhorse Homes is a house cleaning service. As a special feature, Wildhorse Homes will supply flowers or small decorator items when they clean a home. They use a time and material billing policy. Based on the following costs and desired profits, calculate the hourly rate for labour and the material loading charge for Wildhorse Homes, assuming that in 4,300 hours per year they clean 890 homes. Invoice costs per year are $182,000 Labour Materials Maid's salaries Office supplies Supplies Overhead on equipment Advertising costs Desired profit $64,500 18,060 $14,560 $21,840 5,762 3,096 $ 10 per hour $ 20% Calculate the labour rate that Wildhorse Homes uses. (Round entry to 2 decimal places, e.g. 15.25.) Labour rate LINK TO TEXT Calculate the materials loading charge for wildhorse Homes. (Round entry to 0 decimal places, eg, 25%.) Materials loading charge
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