Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. padong remanufacturing rebuilds spot welders for m

Padong Remanufacturing rebuilds spot welders for manufacturers. The following budgeted cost data for 2006 is...

50.1K

Verified Solution

Question

Accounting

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

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

Q

Explain how carbon dioxide is transported in the blood. (Note, this is asking for the HOW,...

Medical Sciences
Q

what do you expect to learn, based on theory, practice, design sowftware of bridge engineering (300...

Civil Engineering
Q

The Damon family owns a large grape vineyard in western New York along Lake Erie. The...

Statistics
Q

Often times employees develop ownership in the organization and feel work and materials are the product...

General Management
Q

A rod PQ of mass M and length L is hinged at end P The...

Physics
Q

M 2 B AD AB CD CB tangent to circle 0 Suppose that NP BD...

Geometry
Q

Aubrey buys a bag of cookies that contains 7 chocolate chip cookies 9 peanut butter...

Statistics
Q

Kahan Enterprises had gross profit on an installment sale of $600,000 at December 31,20x1, the...

Accounting
Q

Accounting L Financial statem Caloocan Lumber Yard Co. Balance Sheet:...

Accounting
Q

Citywide Company issues bonds with a par value of $85,000. The bonds mature in seven...

Accounting
Q

Jennifer Brunner works 30 hours per week as a chef's assistant. At the rate of...

Accounting
Q

Exercise 2-2 (Algo) Apply Overhead Cost to Jobs [LO2-2] Luthan Company uses a plantwide predetermined...

Accounting