answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Phantasy [73]
1 year ago
15

Silver Spoon Service repairs commercial food preparation equipment. The following budgeted cost data is available for 2019: Time

Charges Material Charges Technicians' wages and benefits $500,000 Parts manager's salary and benefits $72,000 Office manager's salary and benefits 112,000 18,000 Other overhead 48,000 135,000 Total budgeted costs $660,000 $225,000 Silver Spoon has budgeted for 10,000 hours of technician time during the coming year. It desires a $54 profit margin per hour of labor and a 40% profit margin on parts. Silver Spoon estimates the total invoice cost of parts and materials in 2019 will be $500,000. Compute the rate charged per hour of labor.
Business
1 answer:
stepladder [879]1 year ago
5 0

Answer:

The rate charged per hour of labor is 120.

Explanation:

Rate charged per hour of labor is given by:

= Budgeted cost per labor hour + Profit margin

= 660000/10000 + 54  

= 120

Therefore, The rate charged per hour of labor is 120.

You might be interested in
Financial information for Forever 18 includes the following selected data (in millions): ($ in millions) 2018 2017 Net income $
e-lub [12.9K]

Answer:

$0.4433 and $0.425

Explanation:

The computation of the earning per share is shown below:

Earning per share is

= (Net income - preference dividend) ÷ (average shares outstanding)

For 2017, it is

= ($156 - $23) ÷ (300 shares)

= $0.4433

For 2018, it is

= ($188 - $18) ÷ (400 shares)

= $0.425

We simply applied the above formula so that the earning per share could be come for both the years

6 0
2 years ago
A buyer representative locates a suitable property through an owner broker. The buyer buys the property, the seller pays a commi
nadya68 [22]

Answer:

Single agent for the owner

Explanation:

In real estate, broker could play two roles:

- As a single agent

- or as a transaction broker

If the broker play as the transaction broker, that broker will mediate that transaction in a way that mutually beneficial for the seller and the buyer.

But, single agent only represent one side of the party. (either the buyer alone or the sellers alone). Single agent will handle the transaction to benefit only the party it represented.

"Owner broker" means that the broker only represents the Seller. This broker will try to make the price of the property as high as possible for the seller's benefit.

4 0
2 years ago
Which of these statements explains the term supply?
Black_prince [1.1K]
Your answer is : A)
Supply refers to the seller's ability and desire to sell goods and services
7 0
2 years ago
Read 2 more answers
Eddie, a 16 year old minor, buys a car from Ace Auto and then damages the car in an accident. To disaffirm the contract and sati
Ket [755]

Answer: Return the car and pay for the damage(D)

Explanation:

To disaffirm a contract means to avoid the obligations in a contract. A contract can be disaffirmed by a minor when he shows an intent that he or she isn't bound by it. Contracts can be disaffirmed by minors before they reach eighteen years. When a minor disaffirms a contract, all properties transferred to the minor can be gotten back.

In the scenario explained in the question, even though Eddie had damaged the car, he can disaffirm the contract and satisfy his duty if restitution by returning the car and paying for damage.

3 0
2 years ago
Read 2 more answers
Which of the following people is considered to be in the labor force? Select all that apply: Gina is a stay-at-home mom and volu
Fudgin [204]

Answer:3

Explanation:

niot sure

4 0
2 years ago
Other questions:
  • The manager at Vertical Wire Productions reported total sales revenue of $800,000. The variable expenses were $600,000, and ther
    14·1 answer
  • What are some tasks commonly performed in Plant Systems jobs? Check all that apply.
    15·2 answers
  • Bennett Griffin and Chula Garza organized Cole Valley Book Store as a corporation; each contributed $80,000 cash to start the bu
    14·1 answer
  • You are considering two mutually exclusive projects. Project A has cash flows of −$125,000, $51,400, $52,900, and $63,300 for Ye
    8·1 answer
  • Using the data set below, what would be the forecast for period 5 using the exponential smoothing method? Assume the forecast fo
    11·1 answer
  • An​ on-line ticket site was recently offering tickets for a soccer match between Manchester United and Fulham at a price of poun
    5·1 answer
  • The Grow Your Garden seed company recently conducted a situation analysis. It decided on its marketing goals too. What is its ne
    12·2 answers
  • a sole proprietor with a tentative loss may deduct which of the following for qualified business use of home expenses?
    7·1 answer
  • Woodland Lake Manufacturing has a new project that requires $652,000 of equipment. What is the depreciation in Year 5 of this pr
    14·1 answer
  • Kotrick Company has beginning inventory of units and expected sales of units. If the desired ending inventory is ​units, how man
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!