Question
Jaycee Auto Repair has the following budgeted costs for the next year: Time Charges Material Charges Shop employees' wages and benefits $126,133 $0 Parts manager's
Jaycee Auto Repair has the following budgeted costs for the next year: Time Charges Material Charges Shop employees' wages and benefits $126,133 $0 Parts manager's salary and benefits 0 46,502 Office employee's salary and benefits 33,039 17,106 Other overhead 15,876 44,764 Invoice cost of parts and materials 0 401,859 The material loading charge percentage to be used next year (assuming a 38% profit margin on materials cost) is __________%. FORMAT: Round all calculations to two decimal places. Your answer should be a positive number rounded to two decimal places. Do not use a % sign. EXAMPLE: If the answer is 25.109% then the CORRECT format would be 25.11
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