Help I S 22-8 Second Chance Welding rebuilds spot welders for manufacturers. The

Question

Help I S 22-8 Second Chance Welding rebuilds spot welders for manufacturers. The following budgeted cost data for 2017 is available for Second Chance. Material Time Loading ChargesCharges $210,600 s salary and benefits $39,100 office employee's salary and Other overhead Total budgeted costs 39,000 $304,200 19,700 $70,648 and a 30.00% profit margin on parts. It has budgeted for 7,000 hours of repair time in the coming year, and The estimates that the total invoice cost of parts and materials in 2017 will be $394,000. Labor rate NS

Explanation / Answer

a) Calculation rate Charged per hour of labor ( Total budgeted costs( time charges)/ number of hours+profit margin (304200/7800)+35 74 b) Calculation of material loading percentage (70648/394000) 0.179309645 Total material loading percenatge (17.93%+30%) 47.931% c) calculation of estimated bill (36*74)+2900+(47.931% of 2900) 6953.999

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