R & H Appliance provides repair services for all makes and models of home appliances....

50.1K

Verified Solution

Question

Accounting

image

R & H Appliance provides repair services for all makes and models of home appliances. R & H Appliance charges customers for labor on each job at a rate of $88 per hour. The labor rate is high enough to cover actual technician wages of $24 per hour, to cover shop overhead (allocated at a cost of $21 per hour), and to provide a profit. The company charges the customer "at cost" for parts and materials. A recent customer job consisted of $49 in parts and materials and 5 hours of technician time. 1. What was R & H Appliance's cost for this job? Include shop overhead in the cost calculation. 2. How much was charged to the customer for this repair job? 1. What was R & H Appliance's cost for this job? Include shop overhead in the cost calculation. Administrative expenses Direct labor Direct materials Shop overhead Total job cost

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