Problem 17

# 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 Ã· \$312,500; 10% Ã— \$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 Ã— 10%) . ...... 8,250 Total price of job . ..................................................... \$105,250...
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## This document was uploaded on 02/01/2011.

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

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