Question: counting, Fifth Canadian Edition Help System Announcements FREEN PRINTER VERSION BACK Question 4 Padong Remanufacturing rebuilds spot welders for manufacturers. The following budgeted cost data

 counting, Fifth Canadian Edition Help System Announcements FREEN PRINTER VERSION BACK

counting, Fifth Canadian Edition Help System Announcements FREEN PRINTER VERSION BACK Question 4 Padong Remanufacturing rebuilds spot welders for manufacturers. The following budgeted cost data for 2020 are available for Padong: Material Loading Time Charges Charges Technicians' wages and benefits $ 192,920 Parts manager's salary and benefits $39,488 Office employee's salary and benefits 44,520 10,125 Other overhead 22,260 28,350 Total budgeted costs $259,700 $77,963 The company wants a $30 profit margin per hour of labour and a 30% profit margin on parts. It has budgeted for 7,420 hours of repair time in the coming year and estimates that the total involce cost of parts and materials in 2020 will be $405,000. Calculate the rate charged per hour of labour Rate charged $ per hour LINK TO TEXT

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!