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(Solution Download) Second Chance Welding rebuilds spot welders for manufacturers. The following budgeted cost data for


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Second Chance Welding rebuilds spot welders for manufacturers.

 

The following budgeted cost data for 2014 is available for Second

 

Chance.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Time ChargesMaterial Loading Charges
   Technicians' wages and benefits$228,000-       
Parts manager's salary and benefits-       $42,500
Office employee's salary and benefits38,0009,000
Other overhead15,20024,000
Total budgeted costs$281,200$75,500

 


 

The company desires a $30 profit margin per hour of labor and a 20%

 

profit margin on parts. It has budgeted for 7,600 hours of repair

 

time in the coming year, and estimates that the total invoice cost

 

of parts and materials in 2014 will be $400,000.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Compute the rate charged per hour of labor. (Round

 

answer to 2 decimal places, e.g. 10.50.)

 

 

 

 

 

 

 

 

 

 

Labor rate$per hour

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

LINK TO TEXT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Compute the material loading percentage. (Round

 

answer to 3 decimal places, e.g. 10.501.)

 

 

 

 

 

 

 

 

 

Material loading percentage%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

LINK TO TEXT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pace Corporation has requested an estimate to rebuild its spot

 

welder. Second Chance estimates that it would require 40 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$

 

 

 

 


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