Ignatenko s Custom Electronics (ICE) 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 Time Charges Material Loading Charges Technicians wages and benefits $156,800 Parts manager s salary and benefits $37,962 Office employee s salary and benefits 40,880 19,684 Other overhead 12,880 44,992 Total budgeted costs $210,560 $102,638 The company has budgeted for $5,600 hours of technician time during the coming year It desires a $39 profit margin per hour of labor and a 95 profit on parts It estimates the total invoice cost of parts and materials in 2014 will be $703,000

The Answer is in the image, click to view ...

Question: Ignatenko?s Custom Electronics (ICE) sells and installs complete security, computer, audio, and video systems for homes. On newly constructed homes it provides bids using time-and-material

Ignatenko?s Custom Electronics (ICE) 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.

Time Charges	Material Loading Charges
Technicians? wages and benefits	$156,800	?
Parts manager?s salary and benefits	?	$37,962
Office employee?s salary and benefits	40,880	19,684
Other overhead	12,880	44,992
Total budgeted costs	$210,560	$102,638

The company has budgeted for $5,600 hours of technician time during the coming year. It desires a $39 profit margin per hour of labor and a 95% profit on parts. It estimates the total invoice cost of parts and materials in 2014 will be $703,000.

Ignatenko?s Custom Electronics (ICE) sells and installs complete security, computer, audio, and

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!

Ignatenkos Custom Electronics (ICE) sells and installs complete security, computer, audio, and video systems for homes. On newly constructed homes it provides bids using time-and-material pricing....

Ignatenko's Custom Electronics (ICE) sells and installs complete security, computer, audio, and video systems for homes. On newly constructed homes it provides bids using time-and-material pricing....

Ignatenkos Custom Electronics (ICE) sells and installs complete security, computer, audio, and video systems for homes. On newly constructed homes it provides bids using time-and-material pricing....

Not sure how to start this. PLEASE SHOW STEPS. Exercise 3-9 (part level submission) Ignatenko's Custom Electronics (ICE) sells and installs complete security, computer, audio, and video systems for...

Exercise 8-9 Ignatenko's Custom Electronics (ICE) sells and installs complete security, computer, audio, and video systems for homes. On newly constructed homes it provides bids using time-and...

mpts 1 PLUS Kommes Accounting, 76 Help System Announcements CALCULATOR PRINTER VERSION BACK ESOURCES MEWORK 5 3 2 Excercise 21-07 Gibbs Corporation produces industrial robots for high-precision...

Flint 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...

Current Attempt in Progress Pharoahis Custom Electronics (PCE) sells and installs complete security, computer, audio, and video systems for homes, On newly constructed homes it provides bids using...

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...

The composition of moist air is given on a molar basis to be 78 percent N2, 20 percent O2, and 2 percent water vapor. Determine the mass fractions of the constituents of air.

Use the following to answer the question on the basis of the following regression equation. (Standard errors in parentheses, n = 200.) Q = -6,500 - 100PA + 50PB + .3I + .2A; R2 =.12 (2,500) (50) (30)...

A survey that assesses career interests and activities. How you respond to job requirements, surroundings, and associates? These data provide a gauge for comparing salaries and costs for cities...

How did the British apply a divide and rule policy in Bengal? Explain.

Hart Company made 3,600 bookshelves using 32,000 board feet of wood costing $332,800. The company's direct materials standards for one bookshelf are 10 board feet of wood at $10.30 per board foot....

Give an example of (a) overt and (b) covert rules in your family system. Share your perspective on the origins of these rules. Are they based on societal, cultural, family values? Explain. What roles...

Marlene has a life insurance policy with ABC Insurance. The policy has a 30-day grace period and a death benefit of $250,000. Marlene's husband, Marcus, is the beneficiary on the policy. Marlene's...

Tai, age 35, recently purchased a new home. The purchase price was $470,000 and his monthly mortgage payment is $2.180. Property tax is $2,175 annually and water tax is $380 annually. Tai spends...

Learie Douglas is the Vice President of Human Resources at City Coach and Bus Company (CCBC), a large and complex transportation system company that covers both large urban and rural areas in the...

5. The next time a negative event occurs, or a negative memory occurs, think about how you need to perform to make this a success story.

1. To understand the impression you want the other or the others to have of yourself.

4. Imagine an everyday task that you find difficult or troublesome to perform. Think through the entire sequence of activities with this everyday task. How do you go about making this a success? How...