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Restorers' wages and fringe benefits Purchasing agent's salary and fringe benefits Administrative salaries and fringe benefits Other overhead costs Total budgeted costs $308.700 73,500 29.400 $411,600 $81,120 20,400 76.140 5177660

Restorers' wages and fringe benefits Purchasing agent's salary and fringe benefits Administrative salaries and fringe benefits Other overhead costs Total budgeted costs $308.700 73,500 29.400 $411,600 $81,120 20,400 76.140 5177660

Cornerstones of Cost Management (Cornerstones Series)
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter7: Allocating Costs Of Support Departments And Joint Products
Section: Chapter Questions
Problem 1CE: The expected costs for the Maintenance Department of Stazler, Inc., for the coming year include:...
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Restorers' wages and fringe benefits Purchasing agent's salary and fringe benefits Administrative salaries and fringe benefits Other overhead costs Total budgeted costs Proht margin on labor Time Charges $308,700 The company anticipated that the restorers would work a total of 14.700 hours this year. Expected parts and materials were $1.269,000 eTextbook and Media 73,500 29,400 $411,600 In late January, the company experienced a fire in its facilities that destroyed most of the accounting records. The accountant remembers that the hourly labor rate was $69 and that the material loading charge was 84% S Determine the profit margin per hour on labor. (Round intermediate calculations to 2 decimal places, es 10.25 and final answer to 0 decimal places, eg 10) Material Loading Charges Pront margin on materials $81,120 20,400 76,140 $177,660 per hour Determine the profit margin on materials. Round intermediate calculations to 2 decimal places as 10.25% and final onower to decimal places es 10%)
Transcribed Image Text:Restorers' wages and fringe benefits Purchasing agent's salary and fringe benefits Administrative salaries and fringe benefits Other overhead costs Total budgeted costs Proht margin on labor Time Charges $308,700 The company anticipated that the restorers would work a total of 14.700 hours this year. Expected parts and materials were $1.269,000 eTextbook and Media 73,500 29,400 $411,600 In late January, the company experienced a fire in its facilities that destroyed most of the accounting records. The accountant remembers that the hourly labor rate was $69 and that the material loading charge was 84% S Determine the profit margin per hour on labor. (Round intermediate calculations to 2 decimal places, es 10.25 and final answer to 0 decimal places, eg 10) Material Loading Charges Pront margin on materials $81,120 20,400 76,140 $177,660 per hour Determine the profit margin on materials. Round intermediate calculations to 2 decimal places as 10.25% and final onower to decimal places es 10%)
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