Question

Sarasota Custom Electronics (RCE) sells and installs complete security, computer, audio, and video systems for homes. On newly constructed homes it provides bids using time-and-material pricing. The following budgeted cost data are available. Material Time Loading Charges Charges Technicians' wages and benefits $162,000 Parts manager's salary and benefits $36,720 Office employee's salary and benefits 40,500 16,200 Other overhead 20,250 45,360 Total budgeted costs $222,750 $98,280 The company has budgeted for 6,750 hours of technician time during the coming year. It desires a $38 profit margin per hour of labor and an 80% profit on parts. It estimates the total invoice cost of parts and materials in 2022 will be $756,000. (a) Compute the rate charged per hour of labor. (Round answer to 2 decimal places, eg. 10.50.)

          Sarasota Custom Electronics (RCE) sells and installs complete security, computer, audio, and video systems for homes. On newly
constructed homes it provides bids using time-and-material pricing. The following budgeted cost data are available.
Material
Time
Loading
Charges
Charges
Technicians' wages and benefits
$162,000
Parts manager's salary and benefits
$36,720
Office employee's salary and benefits
40,500
16,200
Other overhead
20,250
45,360
Total budgeted costs
$222,750
$98,280
The company has budgeted for 6,750 hours of technician time during the coming year. It desires a $38 profit margin per hour of labor
and an 80% profit on parts. It estimates the total invoice cost of parts and materials in 2022 will be $756,000.
(a)
Compute the rate charged per hour of labor. (Round answer to 2 decimal places, eg. 10.50.)

Sarasota Custom Electronics (RCE) sells and installs complete security, computer, audio, and video systems for homes. On newly
constructed homes it provides bids using time-and-material pricing. The following budgeted cost data are available.
Material
Time
Loading
Charges
Charges
Technicians' wages and benefits
162,000
Parts manager's salary and benefits36,720
Office employee's salary and benefits
40,500
16,200
Other overhead
20,250
45,360
Total budgeted costs
222,75098,280
The company has budgeted for 6,750 hours of technician time during the coming year. It desires a 38 profit margin per hour of labor
and an 80% profit on parts. It estimates the total invoice cost of parts and materials in 2022 will be $756,000.
(a)
Compute the rate charged per hour of labor. (Round answer to 2 decimal places, eg. 10.50.)

Added by Ryan P.

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