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Question 32 of 33 12/18 View Policies Show Attempt History Current Attempt in Progress Carla Vista Remanufacturing rebuilds spot welders for manufacturers. The following budgeted
Question 32 of 33 12/18 View Policies Show Attempt History Current Attempt in Progress Carla Vista Remanufacturing rebuilds spot welders for manufacturers. The following budgeted cost data for 2022 are available for Carla Vista: Time Charges Material Loading Charges $267,050 Technicians' wages and benefits Parts manager's salary and benefits $43,200 68,670 11,700 Office employee's salary and benefits Other overhead 22,890 25,200 Total budgeted costs $358,610 $80,100 The company wants a $35 profit margin per hour of labour and a 30% profit margin on parts. It has budgeted for 7,630 hours of repair time in the coming year and estimates that the total invoice cost of parts and materials in 2022 will be $360,000. (a) Your answer is correct. Calculate the rate charged per hour of labour. Rate charged $ 82 per hour Attempts: 1 of 2 used (b) Your answer is correct. Calculate the material loading percentage. (Round answer to 3 decimal places, eg. 15.251%) Material loading percentage 52.25 % Attempts: 1 of 2 used (c) Sandhill Corporation has asked for an estimate on rebuilding its spot welder. Carla Vista estimates that it would require 45 hours of labour and $2,300 in parts. Calculate the total estimated bill. (Round answer to 2 decimal places, eg: 15.25.) Total estimated bill $ Save for Later Attempts: 0 of 2 used Submit
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