Technicians' wages and fringe benefitsManager's salary and fringe benefitsAdministrative salaries and fringe benefitsOther overhead costsTotal budgeted costs(a)WasteProcessingCharges$201,60074,700Rate charged per hour of labour33,300$309,600WasteHandlingCharges$97,70429,02870,092Sheridan receives waste to be disposed of from various customers, incurring a waste disposal charge that it recovers from itscustomers on a cost recovery basis. Sheridan also incurs waste processing and waste handling costs related to the initial receiving ofthe waste and getting it ready for disposal.For waste processing, Sheridan budgets 9,000 hours of work in the current year, and it desires a profit margin of $9 per hour of labour.For waste handling, it wants to earn a 15% profit based on waste disposal fees. It estimates the total invoice cost for waste disposalcharges for the current year will be $708,000. Waste handling costs are assigned based on a percentage of waste disposal charges.$196,824Calculate the rate charged per hour of labour. (Round answer to 2 decimal places, e.g. 15.25.)

The amount of money a service provider charges for each hour of work completed is referred to as the…

Sheridan receives waste to be disposed of from various customers, incurring a waste disposal charge that it recovers from customers on a cost recovery basis. Sheridan also incurs waste processing and waste handling costs related to the initial re the waste and getting it ready for disposal. For waste processing, Sheridan budgets 9,000 hours of work in the current year, and it desires a profit margin of $9 per ho For waste handling, it wants to earn a 15% profit based on waste disposal fees. It estimates the total invoice cost for waste charges for the current year will be $708,000. Waste handling costs are assigned based on a percentage of waste disposal

Sheridan receives waste to be disposed of from various customers, incurring a waste disposal charge that it recovers from customers on a cost recovery basis. Sheridan also incurs waste processing and waste handling costs related to the initial re the waste and getting it ready for disposal. For waste processing, Sheridan budgets 9,000 hours of work in the current year, and it desires a profit margin of $9 per ho For waste handling, it wants to earn a 15% profit based on waste disposal fees. It estimates the total invoice cost for waste charges for the current year will be $708,000. Waste handling costs are assigned based on a percentage of waste disposal

Financial And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter22: Budgeting

Section: Chapter Questions

Problem 8E: Professional labor cost budget for a service company Based on the data in Exercise 7 and assuming...

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