Question
Presented below are data relating to labor for Verde Appliance Repair Shop. Repair-technicians' wages $110,000 Fringe benefits 26,400 Overhead 48,400 The desired profit margin per
Presented below are data relating to labor for Verde Appliance Repair Shop.
| Repair-technicians' wages | $110,000 | |
| Fringe benefits | 26,400 | |
| Overhead | 48,400 |
The desired profit margin per hour is $28. The material loading charge is 60% of invoice cost. Verde estimates that 4,400 labor hours will be worked next year. If Verde repairs a dishwasher that takes 1.5 hours to repair and uses parts of $80, compute the bill for the job.
| Total cost | $ |
Presented below are data relating to labor for Verde Appliance Repair Shop.
| Repair-technicians' wages | $110,400 | |
|---|---|---|
| Fringe benefits | 23,000 | |
| Overhead | 50,600 |
The desired profit margin per hour is $20. The material loading charge is 60% of invoice cost. Verde estimates that 4,600 labor hours will be worked next year. If Verde repairs a dishwasher that takes 1.3 hours to repair and uses parts of $60, compute the bill for the job.
| Total cost | $enter the total cost in dollars |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Interpretation And Application Of International Standards On Auditing
Authors: Steven Collings
1st Edition
0470661127, 978-0470661123
