Question
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:
- 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.
- 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.
- 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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