Sunland Remanufacturing rebuilds spot welders for manufacturers. The following budgeted cost data for 2022 are available for Sunland:

		Time Charges		Material Loading Charges
Technicians wages and benefits		$228,800
Parts managers salary and benefits				$48,000
Office employees salary and benefits		57,200		20,000
Other overhead		21,450		24,000
Total budgeted costs		$307,450		$92,000

The company wants a $30 profit margin per hour of labour and a 25% profit margin on parts. It has budgeted for 7,150 hours of repair time in the coming year and estimates that the total invoice cost of parts and materials in 2022 will be $400,000.

(a)

Calculate the rate charged per hour of labour.

Rate charged

$enter the rate charged in dollars per hour per hour

Save for Later