Solution-Calculate the rate charged per hour of labour

Calculate the rate charged per hour of labour

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Reference no: EM133129606

Question - Sandhill Remanufacturing rebuilds spot welders for manufacturers. The following budgeted cost data for 2022 are available for Sandhill:

	Time Charges	Material Loading Charges
Technicians' wages and benefits	$192,240
Parts manager's salary and benefits		$40,260
Office employee's salary and benefits	56,960	11,895
Other overhead	28,480	18,300
Total budgeted costs	$277,680	$70,455

The company wants a $40 profit margin per hour of labour and a 20% profit margin on parts. It has budgeted for 7,120 hours of repair time in the coming year and estimates that the total invoice cost of parts and materials in 2022 will be $366,000.

Required - Calculate the rate charged per hour of labour.

Reference no: EM133129606

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Calculate the rate charged per hour of labour

Reference no: EM133129606

Reference no: EM133129606

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