Question

Presented below are data relating to labor for Swifty Appliance Repair Shop. Repair-technicians' wages $153,700 Fringe benefits 47,700 Overhead 58,300 The desired profit margin per hour is $21. The material loading charge is 60% of invoice cost. Swifty estimates that 5,300 labor hours will be worked next year. If Swifty repairs a dishwasher that takes 1.2 hours to repair and uses parts of $90, compute the bill for the job. Total cost $

Answer 1

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Swifty Appliances
Calculation of cost per hour		Note
Repair technician wages	153,700.00
Fringe Benefits	47,700.00
Overhead	58,300.00
Total cost	259,700.00	A
Estimated labor hours	5,300.00	B
Cost per labor hour	49.00	C=A/B
Calculation of bill value of job
Repair hours	1.20	D
Cost per labor hour	49.00	See C
Cost of Repair	58.80	E=D*C
Cost of material used	90.00	F
Total cost of job	148.80	G=E+F
Repair hours	1.20	See D
Profit margin per hour	21.00	H
Profit margin on labor cost	25.20	I=D*H
Cost of material used	90.00	See F
Material loading charge	60%	J
Profit margin on material used	54.00	K=F*J
Bill value of job	Amount $
Total cost of job	148.80	See G
Profit margin on labor cost	25.20	See I
Profit margin on material used	54.00	See K
Bill value of job	228.00	L=G+I+K