Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. please answer question c pharoah remanufacturing

please answer question c Pharoah Remanufacturing rebuilds spot welders for manufacturers. The following budgeted...

90.2K

Verified Solution

Question

Accounting

image

image

please answer question c

Pharoah Remanufacturing rebuilds spot welders for manufacturers. The following budgeted cost data for 2022 are available for Pharoah: The company wants a $40 profit margin per hour of labour and a 20% 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 $434,000. (a) Calculate the rate charged per hour of labour. Your answer is correct. Calculate the material loading percentage. (Round answer to 3 decimal places, e.g. 15.251\%.) Material loading percentage % eTextbook and Media Attempts: 1 of 2 used C) Sheridan Corporation has asked for an estimate on rebuilding its spot welder. Pharoah estimates that it would require 40 hour labour and $2,000 in parts. Calculate the total estimated bill. (Round answer to 2 decimal places, e.g. 15.25.) Total estimated bill eTextbook and Media

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