Rey Custom Electronics (RCE) sells and installs complete security computer, audia, and video systems for homes. On newly constructed homes it provides bids using time-and-material pricing The following budgeted cost data are available. Materlal Loading Charges Time Charges Technicians wages and benefits $166,400 Parts managers salary and benefits $34.800 Office employee's salary and benefits 26,880 17.280 Other overhead 17.280 44640 Total budgeted costs $210.560 $96720 The company has budgeted for 6400 hours of technician time during the coming year It desires a $39 profit margin per hour of labor nd an B0% profit on parts. Itestimates the total invoice cost of parts and materials in 2020will be $744.000.
Rey Custom Electronics (RCE) sells and installs complete security computer, audia, and video systems for homes. On newly constructed homes it provides bids using time-and-material pricing The following budgeted cost data are available. Materlal Loading Charges Time Charges Technicians wages and benefits $166,400 Parts managers salary and benefits $34.800 Office employee's salary and benefits 26,880 17.280 Other overhead 17.280 44640 Total budgeted costs $210.560 $96720 The company has budgeted for 6400 hours of technician time during the coming year It desires a $39 profit margin per hour of labor nd an B0% profit on parts. Itestimates the total invoice cost of parts and materials in 2020will be $744.000.
Chapter2: Building Blocks Of Managerial Accounting
Section: Chapter Questions
Problem 4EA: Hicks Contracting collects and analyzes cost data in order to track the cost of installing decks on...
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