1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Sholpan [36]
1 year ago
15

Second Chance Welding rebuilds spot welders for manufacturers. The following budgeted cost data for 2020 is available for Second

Chance. Material Loading Time Charges Charges $192,400 Technicians' wages and benefits $39,600 Parts manager's salary and benefits Office employee's salary and benefits 51,800 9.400 Other overhead 14,800 19,600 Total budgeted costs $259,000 $68.600 The company desires a $39 profit margin per hour of labor and a 27.00% proft 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. Compute the rate charged per hour of labor. Labor rate $ per hour Compute the material loading percentage. (Round answer to 3 decimal places, e.g. 10.501%.) Material loading percentage % Pace Corporation has requested an estimate to rebuild its spot welder. Second Chance estimates that it would require 38 hours of labor and $2,800 of parts. Compute the total estimated bill. (Round answer to 2 decimal places, eg. 10.50.) Total estimated bill
Business
1 answer:
gogolik [260]1 year ago
6 0

According to budgeted cost data total estimated bill is $6858

Budgeted cost per labor hour         35                = 259000/7400
+Profit margin                                   39
Labor rate                                         74                 per hour


Material loading charges              17.5%              = 68600/392000
+Profit on parts                              27%  
Material loading percent             44.5%    

Labor charges                             2812                 = 38×74
Materials parts                              2800  
Material loading charges             1246                = 2800×44.5%
Total estimated bill                      6858


Budgeted cost data- Budgeted costs are anticipated future costs that the company anticipates racking up in the future. In other words, based on anticipated revenues and sales, it is an estimated expense that management anticipates will be incurred in a future period.

For more information on budgeted cost visit:
brainly.com/question/27201970
#SPJ4

You might be interested in
Ace Leasing acquires equipment and leases it to customers under long-term sales-type leases. Ace earns interest under these arra
sladkih [1.3K]

Answer:

$143,750

Explanation:

We have to first calculate the present value of the bargain purchase option:

PV = $200,000 / (1 + 6%)⁵ = $149,451.63

net lease amount = $790,000 - $149,452 = $640,548

PVIF Annuity due, 6%, 5 payments = 4.546

Annual payment = $640,548 / 4.456 = $143,750

3 0
2 years ago
What may a vertically integrated company need to do when there are improvements in technology at the supply stage of the value c
Gelneren [198K]

Answer:

• may be required to incur high costs for abandoning old technologies in an effort to keep pace with suppliers.

• may need to continue producing suboptimal products rather than upgrading its technology

Explanation:

You didn't provide the options but I searched online and got the options from which the correct answers were chosen.

Vertical integration occurs when the suppliers or retailers is being controlled or owned by a company and hence, control its supply chain. This brings about reduction in costs and the improvement in efficiencies.

When there are improvements in technology at the supply stage of the value chain, the company will need to:

• may be required to incur high costs for abandoning old technologies in an effort to keep pace with suppliers.

• may need to continue producing suboptimal products rather than upgrading its technology

3 0
3 years ago
while shopping grey spend 90% of the money she had if she has $4,500 on shopping what was amount of money spent​
goldenfox [79]

Answer:

$4,050

Explanation:

Grey has $4,500 for shopping.

She spent 90%  while on shopping.

The amount spent = 90/100 x $4500

=0.9 x $4,500

=$4,050

7 0
3 years ago
Assume Zap industries reported the following adjusted account balances at year-end. 2019 2018 Accounts Receivable $ 1,730,200 $
Mazyrski [523]

Answer:

The amount of Bad Debt Expense reported in 2019 was $16,100.

Explanation:

Our concern is mainly on the allowance for doubtful accounts. Based on the facts given in the question, the opening balance of the allowance account was $79,900 credit balance, while the closing balance was $96,000 credit. Since there were no write-offs or recoveries during 2019, the bad debt expense is simply the difference between the closing balance and the opening balance i.e, $96,000 - $79,900 = $16,100.

The journal entries will be:

Debit Bad debt expense                                           $16,100

Credit Allowance for doubtful account                    $16,100

<em>(To record the bad debt expense for 2019)  </em>

4 0
3 years ago
Emma just graduated from college and needs to start an emergency fund. Where should she put her money? Why?
svetoff [14.1K]

Answer:

These steps can help you when building an emergency fund in college:

Set a goal for how much you need.

Consider your total monthly income and expenses.

Determine what expenses are necessary.

Decide how much you're going to save every month.

Consider how you're going to get what you need.

Explanation:

plz mark me as brainlist

hope it HELPS..!!

7 0
2 years ago
Read 2 more answers
Other questions:
  • A random sample of 900 individuals has been selected from a large population. It was found that 180 are regular users of vitamin
    9·1 answer
  • At the beginning of the meeting Kira does not properly lead the team during the ______ stage ofteam development. Therefore, the
    14·1 answer
  • If this market for water were perfectly competitive instead of monopolistic, what price would be charged?
    10·1 answer
  • The term back door, as it refers to computer crime, is _____________.
    12·1 answer
  • In working on a bid for project you have determined that $245,000 of fixed assets will be required and that they will be depreci
    6·1 answer
  • Conservatives and liberals have very different views on healthcare reform. A news station places a story featuring the conservat
    11·1 answer
  • You have been assigned as the project manager for a new project that involves deployment of a new software application to all th
    11·1 answer
  • The management of Irving Inc., an apparel company based in Letonia, decides to expand the company's operations to several other
    9·1 answer
  • Priscilla Presley and investment manager Jack Snowden formed _____________ on June 7, 1982 to conduct business and manage the as
    8·1 answer
  • What is most likely the low-earnings period for which the sale of financial assets be most useful?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!