Padong Remanufacturing rebuilds spot welders for manufacturers. The following budgeted cost data for 2006 is...
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Padong Remanufacturing rebuilds spot welders for manufacturers. The following budgeted cost data for 2006 is available for Padong. Time Charges Material Loading Charges Technicians' wages and benefits $228,000 Parts manager's salary and benefits $42,500 Office employee's salary and benefits 38,000 9,000 Other overhead 15,200 24,000 Total budgeted costs $281,200 $75,500 The company desires a $35 profit margin per hour of labor and a 25% profit margin on parts. It has budgeted for 7,600 hours of repair time in the coming year, and estimates that the total invoice cost of parts and materials in 2006 will be $400,000. 1. Compute the rate charged per hour of labor
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