Louise Remanufacturing rebuilds spot welders for manufacturers. The following budgeted cost data for 2012 are available for Padong:
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Time Charges |
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Material Loading
Charges
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Technicians' wages and benefits
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$243,200 |
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|
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Parts manager's salary and benefits
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$40,850 |
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Office employee's salary and benefits
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60,800 |
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16,150 |
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Other overhead
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30,400
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21,850 |
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Total budgeted costs
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$334,400 |
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$78,850 |
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The company wants a $36 profit margin per hour of labour and a 29% profit margin on parts. It has budgeted for 7,600 hours of repair time in the coming year, and estimates that the total invoice cost of parts and materials in 2012 will be $380,000.
Bakers Corporation has asked for an estimate on rebuilding its spot welder. Louise estimates that it would require 39 hours of labour and $3,500 in parts. Calculate the total estimated bill.