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Chapter ProblemA3Paints Pedros Car Repair Shop has budgeted the following time and material lor 2015. Shop employees wages and benefits Parts man agers salary and benefits onice employees salary and beneats Overhead supplies, depreciation, advertising, utilitiea. Total budgeted costs Additional information for 2015t Annual hours repair time Profit per labor heur Profit markup on the invoice cost of parts Estimated inveice far partsso be ased On January 52015. Pedros is asked to subalit a price estimate to air eenditioning enit Ferd Pedros estimates that this job will eaasume Laber bears REQUIRED: a Compute the labor rate for PedersCar Repair shop for the year 2015 bocaaapute the materials leading charge percentage for Pedros Car Repair Shop for the Year 2015 e Prepare a time-and-materialprice quotatiaa for fising the 2010Ford pickup. Computation of time charge rates Tatal Per Haur lourly labor rate for repairs Shop employees wages and benefits Office employees salary and benefits Other overhead Total Profit margin Rate charged Per hour of labor by Computation of material loading charge Cast. Parts Overhead costs Parts mana gers salary and benefits Office employees salary and benefits Subtotal Other overhead Profit margin Material loading Percentage PEDROSCARREPAR SHOP Price quatation for time and material Time and Material Price Quotation January 52015 Job: Fin air conditioning Ford pickup Labor charges Material charges Cost of parts and materials Material leading charge Total Price
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