Compute the rate charged per hour of labor the labor rate

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Reference no: EM133375314

Question: Second Chance Welding rebuilds spot welders for manufacturers. The following budgeted cost data for 2020 is available for Second Chance. Technicians' wages and benefits Parts manager's salary and benefits Office employee's salary and benefits Other overhead Total budgeted costs Time Charges $192,400 44,400 29,600 $266,400 Material Loading Charges $40,600 7,910 27,440 $75,950 The company desires a $34 profit margin per hour of labor and a 20.00% profit margin on parts. It has budgeted for 7,400 hours of repair time in the coming year, and estimates that the total invoice cost of parts and materials in 2020 will be $392,000.

A. compute the rate charged per hour of labor The labor rate is ?

B. material loading percentage ?

Reference no: EM133375314

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