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Here is the background information for this extra credit exercise: Hypothetical actual Costs from the last Medical Attack Vehicle (MAV) built by Wheeled Coach: Bill

Here is the background information for this extra credit exercise:

Hypothetical actual Costs from the last Medical Attack Vehicle (MAV) built by Wheeled Coach:

Bill of Materials Cost
Ford F650 Chassis 70000
DuraLite Cabinet System 6000
Seating 3000
Rear Cargo Cabin Shell 5000
Electrical Wiring Harnesses 2000
LED Lighting Panels 1000
6 Tires 3600
Wood panels for interior buildout 1000
Metal Interior Panels 1000
Doors & Windows 800
Paint 500
On Board Computer 500
Flashing Exterior Lights 800
Sound System 400
Custom Decals 200
SafePass Door Handles 400
Pure Air Filtration System 1000
CornerCap Lighting System 1200
Stealth Power System 2000
Cool-Bar Airconditioning System 1000
Total Materials 101,400

Direct Labor Hours Average Rate
Assembler 200 $20.00
Electrician 32 $20.00
Painters 16 $20.00
Fabricators 12 $20.00
Computer Tech 18 $20.00
AC/Power Specialist 32 $20.00
Water Pressure Testers 10 $20.00
Total Hours 320

Suppose Wheeled Coach allocates overhead based on direct labor cost. Their overhead rate is 165% of direct labor cost.

Compute the total job cost for the MAV vehicle.

(Enter your answer to the nearest whole dollar and without commas or dollar signs)

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Question 22 pts

Wheeled Coach has received a request for a quote from a customer who is interested in purchasing one MAV. Prepare a cost estimate for this work, assuming the following customizations desired by the customer:

  1. The customer wants to upgrade to a Freightliner M2 Chassis for their ambulances, and they will cost Wheeled Coach $5,384 more than the F650 Chassis included in the base model.
  2. The customer wants a custom flame style paint job that will make total paint costs increase by $159. The paint job will also double the amount of hours the painters spend working on a vehicle.
  3. Overhead is allocated to the job at 200% of direct labor cost.

What is the cost estimate for this customer's bid?

(Enter your answer to the nearest whole dollar and without commas or dollar signs)

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Question 31 pts

Wheeled Coach's bid to a customer has a cost estimate of $692,565.

If they want to set selling price by marking this cost up by 20%, determine the bid price.

(Enter your answer to the nearest whole dollar and without commas or dollar signs)

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Question 42 pts

Suppose Wheeled Coach also has a maintenance department to service their customer's ambulances. They charge for services based on the following:

Hourly rate for work is $143

Materials are charged to the customer at cost plus a 9% handling fee

Orange County Emergency Services brings a vehicle in for service and it takes 13 hours plus the following materials:

Brake Rotors $249 Bearings $118 Oil & filter $50

How much is the customer invoice for the service work?

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Question 52 pts

Suppose Wheeled Coach also has a maintenance department to service their customer's ambulances. The total charge their customers is computed using an hourly rate of $125 plus the cost of materials.

They use job costing to track the cost of each service job. Mechanic's wages cost $17 per hour. Overhead for the service department is allocated to each service job at $10 per each hour worked by the mechanics on the job.

Seminole County Emergency Services brings a vehicle in for service and it takes 6 hours plus the following materials:

Radiator $154 Spark Plugs $36

First, compute Wheeled Coach's total job cost of this maintenance job.

How much profit did Wheeled Coach make on this job if they charged the customer $125 per hour for service plus the cost of the materials?

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