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Format should look thing like this Hawks Electronic Repair Shop has budgeted the following time and material for 2008. Hawks budgets 5,000 hours of repair
Format should look thing like this
Hawks Electronic Repair Shop has budgeted the following time and material for 2008. Hawks budgets 5,000 hours of repair time in 2008 and will bill a profit of $5 per labor hour along with a 30% profit markup on the invoice cost of parts. The estimated invoice cost for parts to be used is $100,000. On January 5, 2008 Hawks is asked to submit a price estimate to fix a 72-inch big-screen TV. Hawks estimates that this job will consume 20 hours of labor and S500 in parts. Instructions Compute the labor rate for Hawks Electronic Repair Shop for the year 2008. Compute the material loading charge percentage for Hawks Electronic Repair Shop for the year 2008. Prepare a time-and-material price quotation for fixing the big-screen TV. Computation of time charge rate Computation of material loading charge Price quotation for time and material Hawks Electronic Repair Shop has budgeted the following time and material for 2008. Hawks budgets 5,000 hours of repair time in 2008 and will bill a profit of $5 per labor hour along with a 30% profit markup on the invoice cost of parts. The estimated invoice cost for parts to be used is $100,000. On January 5, 2008 Hawks is asked to submit a price estimate to fix a 72-inch big-screen TV. Hawks estimates that this job will consume 20 hours of labor and S500 in parts. Instructions Compute the labor rate for Hawks Electronic Repair Shop for the year 2008. Compute the material loading charge percentage for Hawks Electronic Repair Shop for the year 2008. Prepare a time-and-material price quotation for fixing the big-screen TV. Computation of time charge rate Computation of material loading charge Price quotation for time and materialStep by Step Solution
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