Pharoah's Custom Electronics $($PCE$)$ 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:

The company has budgeted for $6,400$ hours of technician time during the coming year. It wants a $$37$ profit margin per hour of labour

and a $100\%$ profit on parts. It estimates the total invoice cost of parts and materials in $2022$ will be $$736,000.$

Your answer is correct.

Calculate the rate charged per hour of labour. $($Round answer to $2$ decimal places, e$.$g$.15\mathrm{.}25.)$

Rate charged $ per hour

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Solution

Attempts: $3$ of $3$ used

$($b$)$

X Your answer is incorrect.

Calculate the material loading percentage. $($Round answer to $2$ decimal places, e$.$g$.15\mathrm{.}25\%.)$

Material loading

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Attempts: $1$ of $3$ used

$($c$)$

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