Business, 25.03.2020 20:42 swaggirllely36

Second Chance Welding rebuilds spot welders for manufacturers. The following budgeted cost data for 2017 is available for Second Chance.

Time Charges Material Loading Charges
Technicians' wages and benefits $192,000
Parts manager's salary and benefits $39,600
Office employee's salary and benefits 9,494 19,550
Other overhead $259,000 68,644
Total budgeted costs 51,800 14,800

The company desires a $39.00 profit margin per hour of labor and a 27.00% 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 2017 will be $391,000.

Compute the rate charged per hour of labor.

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Second Chance Welding rebuilds spot welders for manufacturers. The following budgeted cost data for...

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