Answered step by step
Verified Expert Solution
Question
1 Approved Answer
help please Second Chance Welding rebullds spot welders for manufacturers. The following budgeted cost data for 2020 is available for Second Chance. The company desires
help please
Second Chance Welding rebullds spot welders for manufacturers. The following budgeted cost data for 2020 is available for Second Chance. The company desires a $35 profit margin per hour of labor and a 26.00% profit margin on parts. It has budgeted for 7,600 hours of repair time in the coming year, and estimates that the total invoice cost of parts and materials in 2020 will be $400,000. (a) Compute the rate charged per hour of labor. Laborrate $ per hour (b) Your answer is correct. Compute the materiatloading percentage, (Round answer to 3 decimal places, e.g. 10.501\%.) Pace Corporation has requested an estimate to rebuild its spot welder: Second Chance estimates that it would require 41 hours of fabor and $2.400 of parts. Compute the total estimated bill. (Round onswer to 2 decimal places, e.8. 10.50.) Total estimated bill Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started