Please show all your work and calculations, thanks! (MLB= Material+Labor+Overhea

Question

Please show all your work and calculations, thanks!

(MLB= Material+Labor+Overhead)

1.Your company is preparing a technical proposal for a one-year R & D project. The most recent fiscal year has the following results for the year. Direct Materials Direct Labor Overhead G & A Sales $1,012,000 $8,777,000 $8,102,866 $ 1,908,175 $ 22,533,200 Calculate the Overhead rate, the G & A rate and the profit margin as a percentage of annual factory cost. Using the rates calculated above, prepare a cost proposal for the following estimated cost factors. $278,250 Direct materials: Consultants Direct labor: Senior engineer $ 22,000 3,785 hrs @ $48.23/hr

Explanation / Answer

Sales 22533200 direct material 1012000 direct labour 8777000 overhead 8102866 Factory cost 17891866 Gross profit 4641334 G&A 1908175 Profit 2733159 Overhead rate Is equal to overhead cost/direct labour cost 92% G &A rate as a percentage of factory cost 11% Profit margin as percentage to sales 12%

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