Question
The following data are available for ABC Repair Shop purchasing and materials management for 2016: Purchasing manager wages $ 50,000 Fringe benefits 50,000 Overhead 80,000
The following data are available for ABC Repair Shop purchasing and materials management for 2016:
Purchasing manager wages $ 50,000
Fringe benefits 50,000
Overhead 80,000
Budgeted Material purchases $600,000
The desired profit margin is $10 per labour hour. It is estimated that 4,000 labour hours will be worked in 2016. The company wants to make a 20% profit on material purchases. Calculate the material loading rate.
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Statistical Sampling And Risk Analysis In Auditing
Authors: Peter Jones
1st Edition
1138263214, 978-1138263215
