Presented below are data relating to labor for Verde Appliance Repair Shop. Repair-technicians' wages $127500 Fringe...
Presented below are data relating to labor for Verde Appliance
Repair Shop.
| Repair-technicians' wages | $127500 | |
| Fringe benefits | 40800 | |
| Overhead | 66300 |
The desired profit margin per hour is $14. The material loading
charge is 60% of invoice cost. Verde estimates that 5100 labor
hours will be worked next year. If Verde repairs a dishwasher that
takes 1.2 hours to repair and uses parts of $80, compute the bill
for the job.
| Total cost |
$ CSLO-C08-ADI08-3 |
Homework Answers
| Total cost | Total hours | Per hour charge | |
| Repair-technicians' wages | $127500 | 5100 | $25 |
| Fringe benefits | 40800 | 5100 | 8 |
| Overhead | 66300 | 5100 | 13 |
| Total | $234,600 | $46 |
Rate charged per hour of labor = $46 + 14 = $60
| Material cost: | ||
| Part used | $80 | |
| Material loading charges ($80 x 60%) | 48 | $128 |
| Labor cost (60*1.2) | 72 | |
| Total bill | $200 |
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Presented below are data relating to labor for Verde Appliance
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1) Compute the labor rate for Sutton’s
Electronic Repair Shop for the year 2020
2) Compute the Material loading percentage
3) Compute the Total Estimated bill
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