R & H Appliance provides repair services for all makes and models of home appliances....
50.1K
Verified Solution
Link Copied!
Question
Accounting
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!