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Please help URGENT!! Cullumber's Custom Electronics (CCE) sells and installs complete security, computer, audio, and video systems for homes. On newly constructed homes, it provides

Please help URGENT!!

image text in transcribedimage text in transcribed Cullumber's Custom Electronics (CCE) sells and installs complete security, computer, audio, and video systems for homes. On newly constructed homes, it provides bids using time-and-material pricing. The following budgeted cost data are available: The company has budgeted for 5,820 hours of technician time during the coming year. It wants a $33 profit margin per hour of labour and a 100% profit on parts. It estimates the total invoice cost of parts and materials in 2022 will be $719,000. (a) Calculate the rate charged per hour of labour. (Round answer to 2 decimal places, e.g. 15.25.) Ivanhoe's Klassic Kars restores classic automobiles to showroom status. Budgeted data for the current year are as follows: The company anticipated that the restorers would work a total of 12,000 hours this year and expected that parts and materials would cost $1,209,000. In late January, the company experienced a fire in its facilities that destroyed most of the accounting records. The accountant remembers that the hourly labour rate was $67 and that the material loading charge was 94.00%. (a) Determine the profit margin per hour on labour. (Round answer to 2 decimal places, e.g. 5.25.)

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