Business, 03.04.2020 02:49, brettswain1342

Exercise 8-8 (Part Level Submission) (Video) Second Chance Welding rebuilds spot welders for manufacturers. The following budgeted cost data for 2020 is available for Second Chance.

Time Charges Material Loading Charges
Technicians' wages and benefits $197,600 -
Parts manager's salary and benefits - $39,100
Office employee's salary and benefits 53,200 13,420
Other overhead 30,400 20,800
Total budgeted costs $281,200 $73,320

The company desires a $35 profit margin per hour of labor and a 20.00% 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 2020 will be $416,000.

Compute the rate charged per hour of labor.

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Exercise 8-8 (Part Level Submission) (Video) Second Chance Welding rebuilds spot welders for manufac...