How are these costs computed?

Exercise 22-9 Rey Custom Electronics (RCE) sells and installs complete security, computer, audio, and video systems for homes. On newly constructed homes it provides bids using time-and-material pricing. The following budgeted cost data are available. Material Time Loading Charges Charges Technicians' wages and benefits $ 157,636 Parts manager's salary and benefits $ 33, 100 Office employee's salary and benefits 24,522 18,420 Other overhead 11,829 41,069 Total budgeted costs $ 193,987 $ 92,589 The company has budgeted for 5,770 hours of technician time during the coming year. It desires a $ 37.24 profit margin per hour of labor and an 80% profit on parts. It estimates the total invoice cost of parts and materials in 2017 will be $ 736,000 . Compute the rate charged per hour of labor. (Round answer to 2 decimal places, e.g. 10.50.) Labor rate 70.86 per hour LINK TO TEXT VIDEO: SIMILAR EXERCISE Compute the material loading percentage. (Round answer to 2 decimal places, e.g. 10.50.) Material loading percentage % LINK TO TEXT VIDEO: SIMILAR EXERCISE RCE has just received a request for a bid from BuiltBuilders on a $ 1,224,000 new home. The company estimates that it would require 84 hours of labor and $ 36,200 of parts. Compute the total estimated bill. (Round answer to 2 decimal places, e.g. 10.50.) Total estimated bill SExercise 22-5 Schopp Corporation makes a mechanical stuffed alligator that sings the Martian national anthem. The following information is available for Schopp Corporation's anticipated annual volume of 517,000 units. Per Unit Total Direct materials S 5.79 Direct labor $ 11.04 Variable manufacturing overhead $ 14.85 Fixed manufacturing overhead $ 3,463,900 Variable selling and administrative expenses 13.96 Fixed selling and administrative expenses $ 1,726,780 The company has a desired ROI of 25 %. It has invested assets of $ 27,457,000 . Compute the total cost per unit. (Round answer to 2 decimal places, e.g. 10.50.) Total cost per unit $ LINK TO TEXT VIDEO: SIMILAR EXERCISE Compute the desired ROI per unit. (Round answer to 2 decimal places, e.g. 10.50.) Desired ROI per unit $ LINK TO TEXT VIDEO: SIMILAR EXERCISE Compute the markup percentage using total cost per unit. (Round answer to 2 decimal places, e.g. 10.50.) Markup percentage using total cost per unit % LINK TO TEXT VIDEO: SIMILAR EXERCISE Compute the target selling price. (Round answer to 2 decimal places, e.g. 10.50.) Target selling price