Part 1 Waterways uses time and material pricing when it bids on drainage projects. Budgeted data for 2022 for installation division 1 are as follows. Waterways Corporation Installation Division 1 Budgeted Costs for Drainage Projects for 2022 Labour wages (5.760 hours) Supervisor's salary a. Calculate the rate per hour of labour. b. Calculate the material loading charge. Clerical and accountant wages Drainage supplies manager Overhead Total Time Charges Material Loading Charges $241,920 63,360 51,840 $357,120 $ 60,000 4,000 40,000 21,000 $125,000 Waterways desires a $23 profit margin per hour of labour and 25% profit on materials. Materials are transferred in from the manufacturing division. The total estimated invoice cost of materials in 2022 will be $500,000. Instructions c. Waterways has been asked to quote on a project to upgrade the drainage for a large city multi-use park. The drainage manager estimates that it will take about a month to complete the project and require 450 hours of labour and $75,000 of materials. Calculate the total estimated bid price for the park project. Part ?

Part 1 Waterways uses time and material pricing when it bids on drainage projects. Budgeted data for 2022 for installation division 1 are as follows. Waterways Corporation Installation Division 1 Budgeted Costs for Drainage Projects for 2022 Labour wages (5.760 hours) Supervisor's salary a. Calculate the rate per hour of labour. b. Calculate the material loading charge. Clerical and accountant wages Drainage supplies manager Overhead Total Time Charges Material Loading Charges $241,920 63,360 51,840 $357,120 $ 60,000 4,000 40,000 21,000 $125,000 Waterways desires a $23 profit margin per hour of labour and 25% profit on materials. Materials are transferred in from the manufacturing division. The total estimated invoice cost of materials in 2022 will be $500,000. Instructions c. Waterways has been asked to quote on a project to upgrade the drainage for a large city multi-use park. The drainage manager estimates that it will take about a month to complete the project and require 450 hours of labour and $75,000 of materials. Calculate the total estimated bid price for the park project. Part ?

Name: Part 1Waterways uses time and material pricing when it bids on draina
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Description: Part 1Waterways uses time and material pricing when it bids on drainage projects. Budgeted data for 2022 for installation division 1 are as follows.Waterways CorporationInstallation Division 1Budgeted Costs for Drainage Projects for 2022Labour wages

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter7: Allocating Costs Of Support Departments And Joint Products

Section: Chapter Questions

Problem 30E: A company uses charging rates to allocate service department costs to the using departments. The...

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Question Content Area Given the following information, determine the activity rate for setups. Activity Total Activity-Base Usage Budgeted Activity Cost Setups 10,000 $180,000 Inspections 24,000 $120,000 Assembly (dlh) 80,000 $400,000
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