Question 23 (2.5 points) Silver Spoon Service repairs commercial food preparation equipment. The following budgeted cost data is available for 20X9: Time Material Charges Charges Technicians' wages and benefits $500,000 Parts manager's salary and benefits $72000 Office manager's salary and benefits 112.000 18.000 Other overhead 48.000 135,000 Total budgeted costs $600.000 $225,000 Silver Spoon has budgeted for 10.000 hours of technician time during the coming year it desires a $54 profit margin per hour of labor and a 40% profit margin on parts Silver Spoon estimates the total invoice cost of parts and materials in 20x9 will be $500,000. What is the labor rate charge per hour? O54 66 120 22.5 Prev Pace Page 24 of 38 Question 24 (2.5 points) Silver Spoon Service repair commercial food preparation equipment. The following budgeted cost data is available for 20x9 Time Material Charges Charges Technicians' wages and benefits $500 000 Parts manager's salary and benefits $72.000 Office manager's salary and benefits 112.000 18.000 Other overhead 48.000 135.000 Total budgeted costs $660.000 $225.000 Silver Spoon has budgeted for 10,000 hours of technician time during the coming year. It desires a 354 profit margin per hour of labor and a 40% profit margin on parts. Silver Spoon estimates the total invoice cost of parts and materials in 20x9 will be $500.000 Silver Spoon has received a request from Lime Corporation for an estimate to repair a commercial fryer. The company estimates that it would take 20 hours of labor and $8.000 of parts. Compute the total estimated bill. 9,200 14,000 17,200 Question 25 (2.5 points) An favoable labor quantity variance may be caused by higher skilled workers were assigned to jobs that only require average skilled workers. paying workers lower wages than expected. Oworker fatigue or carelessness. O outdated equipment. Questiun 20 (2.5 points) Which of the following statements is not correct? The sales budget generally is accompanied by a computation of expected cash receipts for the forthcoming budget period. The sales budget is the starting point in preparing the master budget. The sales budget is constructed by multiplying the expected sales in units by the sales price. O The cash budget must be prepared prior to the sales budget because managers want to know the expected cash collections on sales made to customers in prior periods before projecting sales for the current period