Rey Custom Electronics (RCE) sells and installs complete security, computer, audio, and video systems for homes. On newly constructed homes it provides bids using time-and-material pricing. The following budgeted cost data are available.

Time Charges Material Loading Charges
Technicians' wages and benefits $132,804
Parts manager's salary and benefits $34,000
Office employee's salary and benefits 23,380 11,000
Other overhead 15,401 48,675
Total budgeted costs $171,585 $93,675

The company has budgeted for 5,580 hours of technician time during the coming year. It desires a $38.86 profit margin per hour of labor and an 80% profit on parts. It estimates the total invoice cost of parts and materials in 2017 will be $750,000.

a. Compute the rate charged per hour of labor.
b. Compute the material loading percentage.
c. RCE has just received a request for a bid from Buil Builders on a $1,200,000 new home. The company estimates that it would require 80 hours of labor and $40,000 of parts. Compute the total estimated bil.

The total estimated bil is $82,564.8

Explanation:

a. In order to calculate the rate charged per hour of labor we would have to use the following formula:

Labor rate per hour=Total budgeted time charges +Profit Margin

                                     Budgeted hours

=$171,585 + $38.86

    5,580

=$69.61

The rate charged per hour of labor is $69.61

b. In order to calculate the material loading percentage we would have to use the following formula:

material loading=Total budgeted material loadingcharges+Profitpercentage

percentage           Total invoice of parts and materiales              on parts

material loading percentage=$93,675     + 80%

                                                 $750,000  

=92.49%

The material loading percentage is 92.49%

c. In order to calculate the total estimated bill we would have to use the following formula:

total estimated bill=(labor rate per hour×hours required)+(material loading percentage×parts required)+material

=($69.61×80)+(92.49%×$40,000)+$40,000

=$5,568.8+$36,996+$40,000

=$82,564.8

The total estimated bil is $82,564.8

government control and resources

answer: a. the kind of population living in your neighbourhood.

the census explorer data tool by the us census bureau allows the user to zoom in on any neighbourhood within the united states and find the kind of people residing in that by race and age.  

the tool needs to needs to be used twice – once in order to find what type of people reside in a neighbourhood, and then to see the age groups of the people in the same neighbourhood.