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Rey Custom Electronics (RCE) sells and installs complete security, computer, audio, and video systems for homes. On newly constructed homes it provides bids using time-and-material
Rey Custom Electronics (RCE) sells and installs complete security, computer, audio, and video systems for homes. On newly constructed homes it provides bids using time-and-material pricing. The following budgeted cost data are available. Time Material Loading Charges Charges Technicians' wages and benefits $166,400 Parts manager's salary and benefits $34,800 Office employee's salary and benefits 26,880 17,280 Other overhead 17,280 44,640 Total budgeted costs $210,560 $96,720 The company has budgeted for 6,400 hours of technician time during the coming year. It desires a $39 profit margin per hour of labor and an 80% profit on parts. It estimates the total invoice cost of parts and materials in 2020 will be $744,000. (c) RCE has just received a request for a bid from Buil Builders on a $1,247,000 new home. The company estimates that it would require 80 hours of labor and $35.500 of parts. Compute the total estimated bill. Total estimated bill S
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