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Jaycee Auto Repair has the following budgeted costs for the next year: Time Charges Material Charges Shop employees’ wages and benefits $120,000 $- Parts manager’s salary and benefits - 45,000 Office employee’s salary and benefits 30,000 15,000 Other overhead 15,000 40,000 Invoice cost of parts and materials - 400,000 Total budgeted costs $165,000 $500,000 The materials loading charge is 65% and the labor charge per hour is $47. Jaycee estimates that the repairs to a Cadillac Escalade damaged in an accident will take 45 hours of labor and $3,500 in parts and materials. The total cost of the repairs is

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Answer:

Explanation:

Total cost of repairs:

Material = 3,500

Material loading charge = 3,500 * 65% = 2,275

Labor (45hrs* $47per hr) = 2,115

Thus, total cost =(3500 + 2275 + 2115) = $7,890

The total cost of the repairs is $7,890.

  • The calculation is as follows:

Given that,

Material = 3,500

So,  

Material loading charge is

= 65% of $3,500

= 2,275

And,  

Labor (45hrs × $47per hr) = 2,115

Thus, total cost is

= $2,275 + $3,500 + $2,115

= $7,890

Therefore we can conclude that The total cost of the repairs is $7,890.

Learn more: brainly.com/question/6201432

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