Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question 23 Budgeted data for Mohawk Waste Handling & Disposal Ltd. for the current year are as follows: Technicians' wages and fringe benefits Manager's salary
Question 23 Budgeted data for Mohawk Waste Handling & Disposal Ltd. for the current year are as follows: Technicians' wages and fringe benefits Manager's salary and fringe benefits Administrative salaries and fringe benefits Other overhead costs Total budgeted costs Waste Waste Processing Handling Charges Charges $187,850 $92,876 76,500 32,956 27,200 61,418 $291,550 $187,250 Mohawk receives waste to be disposed of from various customers, incurring a waste disposal charge that it recovers from its customers on a cost recovery basis. Mohawk also incurs waste processing and waste handling costs related to the initial receiving of the waste and getting it ready for disposal. For waste processing, Mohawk budgets 8,500 hours of work in 2020, and it desires a profit margin of $9.00 per hour of labour. For waste handling, it wants to earn a 25.00% profit based on waste disposal fees. It estimates the total invoice cost for waste disposal charges in 2020 will be $749,000. Waste handling costs are assigned based on a percentage of waste disposal charges. Calculate the rate charged per hour of labour. (Round answer to 2 decimal places, e.g. 15.25.) Rate charged per hour of labour & 56.33 LINK TO TEXT Determine the markup percentage on waste disposal charges. Include waste handling costs in the analysis. (Round answer to 2 decimal places, e.g. 15.25%.) Markup percentage LINK TO TEXT If Mohawk completes a job that takes 45 hours and incurs waste disposal charges costing $260, what is the invoice price? (Round answer to 2 decimal places, e.g. 15.25.) Invoice price $ LINK TO TEXT
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