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Part I Waterways uses time and material pricing when it bids on drainage projects. Budgeted data for 2022 for installation division 1 are as follows.
Part I Waterways uses time and material pricing when it bids on drainage projects. Budgeted data for 2022 for installation division 1 are as follows. Waterways Corporation Installation Division 1 Budgeted Costs for Drainage Projects for 2022 Time Charges Material Loading Charges Labour wages {5,760 hours) $241,920 Supervisor's salary 3 60,000 Clerical and accountant Wages 63,360 4,000 Drainage supplies manager 40,000 Overhead 51,840 21,000 1'qu m r 5,000 waterways desires a 323 prot margin per hour of labour and 2596 prot on materials. Materials are transferred in from the manufacturing division. The total estimated invoice cost of materials in 2022 will be $500,000. Instructions 1. Calculate the rate per hour of labour. 1:. Calculate the material loading charge. 0. Waterways has been asked to quote on a project to upgrade the drainage for a large city multi-use park. The drainage manager estimates that it will take about a month to complete the project and require 450 hours of labour and $75,000 of materials. Calculate the total grimated bid price for the park project
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