Sheffield Custom Electronics (SCE) sells and installs complete security, computer, audio, and video systems for homes....
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Sheffield Custom Electronics (SCE) 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 Loading Time Charges Charges Technicians' wages and benefits $147,500 Parts manager's salary and benefits . $33,800 Office employee's salary and benefits 26,550 13,450 Other overhead 12,390 40,500 Total budgeted costs $186,440 $87,750 The company has budgeted for 5,900 hours of technician time during the coming year. It desires a $37 profit margin per hour of labor and an 80% profit on parts. It estimates the total invoice cost of parts and materials in 2020 will be $675,000. Compute the rate charged per hour of labor. (Round answer to 2 decimal places, e.g. 10.50.) Labor rate per hour $ Compute the material loading percentage. Material loading percentage 96 LINK TO TEXT VIDEO: SIMILAR EXERCISE RCE has just received a request for a bid from Buil Builders on a $1,206,000 new home. The company estimates that it would require 80 hours of labor and $39,900 of parts. Compute the total estimated bill. Total estimated bill Sheffield Custom Electronics (SCE) 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 Loading Time Charges Charges Technicians' wages and benefits $147,500 Parts manager's salary and benefits . $33,800 Office employee's salary and benefits 26,550 13,450 Other overhead 12,390 40,500 Total budgeted costs $186,440 $87,750 The company has budgeted for 5,900 hours of technician time during the coming year. It desires a $37 profit margin per hour of labor and an 80% profit on parts. It estimates the total invoice cost of parts and materials in 2020 will be $675,000. Compute the rate charged per hour of labor. (Round answer to 2 decimal places, e.g. 10.50.) Labor rate per hour $ Compute the material loading percentage. Material loading percentage 96 LINK TO TEXT VIDEO: SIMILAR EXERCISE RCE has just received a request for a bid from Buil Builders on a $1,206,000 new home. The company estimates that it would require 80 hours of labor and $39,900 of parts. Compute the total estimated bill. Total estimated bill
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A Total cost A Total hours B Per hour AB Technicians Wages B... View the full answer
Related Book For
Managerial Accounting Tools for Business Decision Making
ISBN: 978-1119036432
7th edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Posted Date:
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