Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. blue spruce welding rebuilds spot welders for manu

Blue Spruce Welding rebuilds spot welders for manufacturers. The following budgeted cost data...

50.1K

Verified Solution

Question

Accounting

image

Blue Spruce Welding rebuilds spot welders for manufacturers. The following budgeted cost data for 2022 is available for Blue Spruce. Time Charges Material Loading Charges Technicians' wages and benefits $202,800 Parts manager's salary and benefits $39,300 Office employee's salary and benefits 39,000 14,780 Other overhead 7,800 29,120 Total budgeted costs $249,600 $83,200 The company desires a $39 profit margin per hour of labor and a 28% profit margin on parts. It has budgeted for 7,800 hours of repair time in the coming year, and estimates that the total invoice cost of parts and materials in 2022 will be $416,000. (a) Your answer is incorrect. Compute the rate charged per hour of labor. Labor rate $ per hour

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students