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I need help with the last two questions. I provided a document of the question Second Chance Welding rebuilds spot welders for manufacturers. The following
I need help with the last two questions. I provided a document of the question
Second Chance Welding rebuilds spot welders for manufacturers. The following budgeted cost data for 2017 is available for Second Chance. Time Charges Technicians' wages and $237,000 benefits Parts manager's salary and benefits Office employee's 71,100 salary and benefits Other overhead 39,500 Total budgeted $347,600 costs Material Loading Charges - $39,100 9,169 19,300 $67,569 The company desires a $34.00 profit margin per hour of labor and a 21.00% profit margin on parts. It has budgeted for 7,900 hours of repair time in the coming year, and estimates that the total invoice cost of parts and materials in 2017 will be $386,000. Compute the rate charged per hour of labor. (Round answer to 2 decimal places, e.g. 10.50.) Labor rate $ per hour (347600/7900)+34.0 0 Compute the material loading percentage. (Round answer to 3 decimal places, e.g. 10.501.) Material loading percentage % (67,569/386,000)+21.00 Pace Corporation has requested an estimate to rebuild its spot welder. Second Chance estimates that it would require 41 hours of labor and $3,000 of parts. Compute the total estimated bill. (Round answer to 2 decimal places, e.g. 10.50.) Total estimated bill $ (41*78)+(3,000*38.50)Step by Step Solution
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