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Ivanhoe Painting Service has budgeted the following time and material for 2022: BUDGETED COSTS FOR 2022 Time Charges Material Charges $30,960 $19,780 Painters' wages and
Ivanhoe Painting Service has budgeted the following time and material for 2022: BUDGETED COSTS FOR 2022 Time Charges Material Charges $30,960 $19,780 Painters' wages and benefits Service manager's salary and benefits Office employee's salary and benefits Cost of paint Overhead (supplies, utilities, etc.) 10,320 2.580 43,000 13.760 7,310 Total budgeted costs $55.040 $72.670 Ivanhoc budgets 4,000 hours of paint time in 2022 and will charge a profit of $12.00 per hour in addition to a 20% markup on the cost of paint On February 15, 2022. Ivanhoe is asked to prepare a price estimate to paint a small building Ivanhoe estimates that this job will take 12 labor hours and $430,00 in paint (a 1) Your answer has been saved. See score details after the due date. Compute the labor rate for 2022. (Round answer to 2 decimal places, es 5275.) Labor rate 25.76 Attempts: 1 of 1 used (a2 Compute the material loading charge rate for 2022 Material loading charge X
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