Question
Sandhill Painting Service has budgeted the following time and material for 2022: BUDGETED COSTS FOR 2022 Time Charges Material Charges Painters' wages and benefits $43,200
Sandhill Painting Service has budgeted the following time and material for 2022:
BUDGETED COSTS FOR 2022 | |||||||
---|---|---|---|---|---|---|---|
Time Charges | Material Charges | ||||||
Painters' wages and benefits | $43,200 | ||||||
Service manager's salary and benefits | $27,600 | ||||||
Office employee's salary and benefits | 14,400 | 3,600 | |||||
Cost of paint | 60,000 | ||||||
Overhead (supplies, utilities, etc.) | 19,200 | 10,200 | |||||
Total budgeted costs | $76,800 | $101,400 |
Sandhill budgets 4,000 hours of paint time in 2022 and will charge a profit of $12.00 per hour in addition to a 20% markup on the cost of paint. On February 15, 2022, Sandhill is asked to prepare a price estimate to paint a small building. Sandhill estimates that this job will take 12 labor hours and $600.00 in paint.
(a1)
Sandhill Painting Service has budgeted the following time and material for 2022: Material Charges $27,600 BUDGETED COSTS FOR 2022 Time Charges Painters' wages and benefits $43,200 Service manager's salary and benefits Office employee's salary and benefits 14,400 Cost of paint Overhead (supplies, utilities, etc.) 19,200 Total budgeted costs $76,800 3.600 60,000 10,200 $101,400 Sandhill budgets 4.000 hours of paint time in 2022 and will charge a profit of $12.00 per hour in addition to a 20% markup on the cost of paint. On February 15, 2022, Sandhill is asked to prepare a price estimate to paint a small building Sandhill estimates that this job will take 12 labor hours and $600.00 in paint. (21) Compute the labor rate for 2022. (Round answer to 2 decimal places, eg. 52.75.) Labor rate $ Save for Later Attempts: 0 of 1 used Submit Answer (a2) The parts of this question must be completed in order. This part will be available when you complete the part above. (23) The parts of this question must be completed in order. This part will be available when you complete the part above
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