Padong Remanufacturing rebuilds spot welders for manufacturers. The following budgeted cost data for 2020 are available for Padong:

Use time-and-material pricing to determine bill.

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The company wants a $30 profit margin per hour of labour and a 20% 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 2020 will be $400,000.


a. Calculate the rate charged per hour of labour.

b. Calculate the material loading percentage. (Round to three decimal places.)

c. Lindy Corporation has asked for an estimate on rebuilding its spot welder. Padong estimates that it would require 40 hours of labour and $2,000 in parts. Calculate the total estimated bill.


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