The following information relates to labor for Sandhill Appliance Repair Shop. Repair-technicians' wages Fringe benefits Overhead The desired profit margin per hour is $22. The material loading charge is 60% of invoice cost. Sandhill estimates that 5,800 labor hours will be worked next year. If Sandhill repairs a dishwasher that takes 1.2 hours to repair and uses parts that cost $90, compute the bill for the job. Total cost $133,400 58,000 87,000 $ SUPPORT

The following information relates to labor for Sandhill Appliance Repair Shop. Repair-technicians' wages Fringe benefits Overhead The desired profit margin per hour is $22. The material loading charge is 60% of invoice cost. Sandhill estimates that 5,800 labor hours will be worked next year. If Sandhill repairs a dishwasher that takes 1.2 hours to repair and uses parts that cost $90, compute the bill for the job. Total cost $133,400 58,000 87,000 $ SUPPORT

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Description: The following information relates to labor for Sandhill Appliance Repair Shop.Repair-technicians' wagesFringe benefitsOverhead$133,40058,000Total cost87,000The desired profit margin per hour is $22. The material loading charge is 60% of invoice cost

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter8: Standard Costs And Variances

Section: Chapter Questions

Problem 2EB: Salley is developing material and labor standards for her company. She finds that it costs $0.55 per...

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