Question
Swifty Welding rebuilds spot welders for manufacturers. The following budgeted cost data for 2022 is available for Swifty. Time Charges Material Loading Charges Technicians' wages
Swifty Welding rebuilds spot welders for manufacturers. The following budgeted cost data for 2022 is available for Swifty.
Time Charges | Material Loading Charges | |||||||
---|---|---|---|---|---|---|---|---|
Technicians' wages and benefits | $213,300 | - | ||||||
Parts manager's salary and benefits | - | $40,000 | ||||||
Office employee's salary and benefits | 55,300 | 11,510 | ||||||
Other overhead | 39,500 | 20,400 | ||||||
Total budgeted costs | $308,100 | $71,910 |
The company desires a $37 profit margin per hour of labor and a 26% profit margin on parts. It has budgeted for 7,900 hours of repair time in the coming year, and estimates that the total invoice cost of parts and materials in 2022 will be $408,000.
Pace Corporation has requested an estimate to rebuild its spot welder. Swifty estimates that it would require 42 hours of labor and $2,000 of parts. Compute the total estimated bill. (Round answer to 2 decimal places, e.g. 10.50.)
Total estimated bill | $enter the total estimated bill in dollars rounded to 2 decimal places |
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