Paragraph Normal T No Spac... Heading 1 Heading 2 Heading 6 Styles 1) ABC Repair Company has been in business for 10 years. ABC Repair Company repairs commercial food preparation equipment. The following budgeted cost data is available for 2019: Technicians' wages and benefits Parts manager's salary and benefits Office manager's salary and benefits Other overhead Total budgeted costs Time Charges $600,000 Material Charges $ 72,000 112,000 18,000 48,000 110,000 $760,000 $200,000 ABC Repair has budgeted for 10,000 hours of technician time during the coming year. It desires a $64 profit margin per hour of labour and a 50% profit margin on parts. ABC Repair estimates the total invoice cost of parts and materials in 2019 will be $500,000. Instructions a) Calculate the rate charged per hour of labour. b) Calculate the material loading charge. c) ABC Repair has received a request from Food Corporation for an estimate to repair a commercial fryer. The company estimates that it would take 20 hours of labour and $8,000 of parts. Calculate the total estimated bill. 2. ABC Company budgets sales of its truck tires at $160 per tire and estimates that 10,000 tires can be sold during the coming year of 2020. Variable costs per tire are $60 and the company desires a profit of $30 per tire. Calculate the target cost per tire. O Et 10 W