erway Industries has the following budgeted costs for the next year: Time Charges Material Charges Shop employees’ wages and benefits $120000 $ - Parts manag
erway Industries has the following budgeted costs for the next year: Time Charges Material Charges Shop employees’ wages and benefits $120000 $ - Parts manag
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter8: Budgeting For Planning And Control
Section: Chapter Questions
Problem 13CE: Nashler Company has the following budgeted variable costs per unit produced: Budgeted fixed overhead...
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Question
Waterway Industries has the following budgeted costs for the next year:
Time Charges | Material Charges | |||||
---|---|---|---|---|---|---|
Shop employees’ wages and benefits |
$120000 | $ - | ||||
Parts manager’s salary and benefits |
- | 50000 | ||||
Office employee’s salary and benefits |
45000 | 15000 | ||||
Other overhead |
15000 | 40000 | ||||
Invoice cost of parts and materials |
- | 454000 | ||||
Total budgeted costs |
$180000 |
$559000 |
Next year’s material loading charge, assuming a 30% markup on material cost is
48.78%.
53.00%.
30.00%.
18.78%.
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