The Cycle Division of Sheffield Company has the following unit data related to its most recent cycle, the Roadbuster. Selling price Variable cost of goods sold $2.420 Body frame $ 330 Other variable costs 990 1,320 Contribution margin $ 1.100 Presently, the Cycle Division buys its body frames from an outside supplier. However Sheffield has another division FrameBody, that makes body frames for other cycle companies. The Cycle Division believes that FrameBody's product is suitable for its new Roadbuster cycle. Presently, FrameBody sells its frames for $ 385 per frame. The variable cost for FrameBody is $291 The Cycle Division is willing to pay $ 299 to purchase the frames from FrameBody (a) (a) a Assume that FrameBody has excess capacity and is able to meet all of the Cycle Division's needs. If the Cycle Division buys 1,100 frames from FrameBody, determine the following: (Enter negative amounts using either a negative sign preceding the number es 45 or parentheses es (45) (1) Effect on the income of the Cycle Division $ 12) Elfect on the income of FrameBody $ (3) Effect on the income of Sheffield Wildhorse Painting Service has budgeted the following time and material for 2022: -77 BUDGETED COSTS FOR 2022 Time Charges Material Charges Painters' wages and benefits $43,920 Service manager's salary and benefits $28,060 Office employee's salary and benefits 14,640 3,660 Cost of paint 61.000 Overhead (supplies, utilities, etc.) 19.520 10.370 Total budgeted costs $78,080 $103,090 Wildhorse 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, Wildhorse is asked to prepare a price estimate to paint a small building Wildhorse estimates that this job will take 12 tabor hours and 5610.00 in paint. -77 Wildhorse budgets 4,000 hours of paint time in 2022 and will charge a proht of $12.00 per hour in addition to a 20% markup on the cost of paint On February 15,2022. Wildhorse is asked to prepare a price estimate to paint a small building, Wildhorse estimates that this job will take 12 labor hours and $610.00 in paint. (21) Compute the labor rate for 2022. (Round answer to 2 decimal places, eg: 52.75) Labor rate $ e Textbook and Media
