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Exercise 9.23 a-c (Part Level Submission) Padong Remanufacturing rebuilds spot welders for manufacturers. The following budgeted cost data for 2020 are available for Padong: Material
Exercise 9.23 a-c (Part Level Submission) Padong Remanufacturing rebuilds spot welders for manufacturers. The following budgeted cost data for 2020 are available for Padong: Material Loading Charges Time Charges $230,080 Technicians' wages and benefits Parts manager's salary and benefits Office employee's salary and benefits Other overhead Total budgeted costs 43,140 28,760 $301,980 $48,375 16,125 32,250 $96,750 The company wants a $35 profit margin per hour of labour and a 30% profit margin on parts. It has budgeted for 7,190 hours of repair time in the coming year and estimates that the total invoice cost of parts and materials in 2020 will be $430,000. (a) Calculate the rate charged per hour of labour. Rate charged $ per hour
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