Problem 17 - $14,500 Material 82,500 Total $97,000*Charge...

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Problem 15-39 (30 minutes) 1. (a) Time charges: Hourly labor cost + + = $20.00 + + $5.00 = $36.25 per labor hour (b) Material charges: = 2. PRICE QUOTATION Time charges: Labor time . .................................. 400 hours × Rate . ........................................ $36.25 per hour Total . ........................................... $14,500 Material changes: Cost of materials for job . .............. $75,000 + Charge for material handling and storage . ................................ 7,500 *
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Total . ........................................... $82,500 Total price of job: Time . ...........................................
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Unformatted text preview: $14,500 Material . ...................................... 82,500 Total . ........................................... $97,000 *Charge for material handling and storage): 10% = $31,250 ÷ $312,500; 10% × $75,000 = $7,500 PROBLEM 15-39 (CONTINUED) 3. Price of job without markup on material costs (from requirement 2) . ........................................................ $ 97,000 Markup on total material costs ($82,500 × 10%) . ...... 8,250 Total price of job . ..................................................... $105,250...
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Problem 17 - $14,500 Material 82,500 Total $97,000*Charge...

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