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Wasson's Classic Cars restores classic automobiles to showroom status. Budgeted data for the current year are as follows. Time Charges $292,600 Material Loading Charges Restorers'
Wasson's Classic Cars restores classic automobiles to showroom status. Budgeted data for the current year are as follows. Time Charges $292,600 Material Loading Charges Restorers' wages and fringe benefits Purchasing agent's salary and fringe benefits Administrative salaries and fringe benefits Other overhead costs Total budgeted costs 53,200 13,300 $359,100 $69,930 21,000 77,940 $168,870 The company anticipated that the restorers would work a total of 13,300 hours this year. Expected parts and materials were $1,299,000. In late January, the company experienced a fire in its facilities that destroyed most of the accounting records. The accountant remembers that the hourly labor rate was $69 and that the material loading charge was 82%. * Your answer is incorrect. Determine the total price of labor and materials on a job that was completed after the fire that required 143 hours of labor and $62,900 in parts and materials. Total price $ 61445
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