Oriole's Klassic Kars restores classic automobiles to showroom status. Budgeted data for the current year are as follows: Material Loading Charges Restorers' wages and fringe benefits Purchasing agent's salary and fringe benefits Administrative salaries and fringe benents Other overhead costs Total budgeted costs (a) The company anticipated that the restorers would work a total of 13.500 hours this year and expected that parts and materials would cost $1.300.000 Profit margin Time Charges $294.300 In late January, the company experienced a fire in its facilities that destroyed most of the accounting records. The accountant remembers that the hourly labour rate was $72 and that the material loading charge was 91.00% 59,400 31.050 $ eTextbook and Media Save for Later $384.750 Determine the profit margin per hour on labour. (Round answer to 2 decimal places, eg 5.25) $67.600 20,800 78,000 $166,400 per hour Attempts: 0 of 3 used Submit Answer (b) The parts of this question must be completed in order. This part will be available when you complete the part above. (c) The parts of this question must be completed in order. This part will be available wh you compl
Oriole's Klassic Kars restores classic automobiles to showroom status. Budgeted data for the current year are as follows: Material Loading Charges Restorers' wages and fringe benefits Purchasing agent's salary and fringe benefits Administrative salaries and fringe benents Other overhead costs Total budgeted costs (a) The company anticipated that the restorers would work a total of 13.500 hours this year and expected that parts and materials would cost $1.300.000 Profit margin Time Charges $294.300 In late January, the company experienced a fire in its facilities that destroyed most of the accounting records. The accountant remembers that the hourly labour rate was $72 and that the material loading charge was 91.00% 59,400 31.050 $ eTextbook and Media Save for Later $384.750 Determine the profit margin per hour on labour. (Round answer to 2 decimal places, eg 5.25) $67.600 20,800 78,000 $166,400 per hour Attempts: 0 of 3 used Submit Answer (b) The parts of this question must be completed in order. This part will be available when you complete the part above. (c) The parts of this question must be completed in order. This part will be available wh you compl
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter8: Budgeting For Planning And Control
Section: Chapter Questions
Problem 38P: Greiner Company makes and sells high-quality glare filters for microcomputer monitors. John Craven,...
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