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Computation of time charge rate Total Cost Total Hours Per Hour Charge $21.60...

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Question

Accounting

Computation of time charge rate
Total
Cost
Total
Hours
Per Hour
Charge
$21.60
Hourly labor rate for repairs
Shop employees' wages and benefits
$108.000 5.000
Overhead costs
Office employee's salary and benefits
Other overhead
Total
23,500
5,000
26,000
-
5,000
$157.500
5,000
Profit margin
Rate charged per hour of labor
[($108,000 = 5,000) + ($23,500 = 5,000) + ($26,000 = 5,000) + $10.00 = $41.50]
[(Shop emp. wages & bene. = Tot. hrs.) + (Off. emp. sal. & bene. = Tot. hrs.) + (Other OH = Tot. hrs.) +
Profit margin = Labor rate/hr.]
T
(b) Computation of material loading charge
4.70
5.20
31.50
10.00
41.50

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