Question 2

Question 2 of 4 0.3 / 1 E View Policies Show Attempt History Current Attempt in Progress Cullumber's Electronic Repair Shop has budgeted the following time and material for 2022: Time Charges Material Charges Shop employees' wages and benefits $109,270 60 Parts manager's salary and benefits 0 22,400 Office employee's salary and benefits 21,070 14,400 Invoice cost of parts used 100,000 Overhead (supplies, amortization, advertising. utilities) 29.400 17,000 Total budgeted costs $159,740 $153,800 Cullumber's budgets 4,900 hours of repair time in 2022 and will bill a profit of $6 per labour hour along with a 24% profit markup on the invoice cost of parts. On January 5, 2022, Cullumber's is asked to submit a price estimate to fix a 72-inch big-screen TV. Cullumber's estimates that this job will consume 23 hours of labour and $620 in parts and materials. (a) V Your answer is correct. Calculate the labour rate for Cullumber's Electronic Repair Shop for the year 2022. (Round answer to 2 decimal places, e.g. 15.25.) Labour rate $ 38.60 eTextbook and Media Solution Attempts: 2 of 2 used Using multiple attempts has impacted your score. 10% score reduction after attempt 1 (b) Your answer is incorrect. Calculate the material loading charge percentage for Cullumber's Electronic Repair Shop for the year 2022. (Round answer to 2 decimal places, e.g. 25.12.) Material loading charge % eTextbook and Media Save for Later Attempts: 1 of 2 used Submit Answer Using multiple attempts will impact your score. 10% score reduction after attempt 1