PANELS

PANELS

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This repair involved the re-lacing of the front panels on an English saddle with felt/foam construction.

MATERIALS LIST AND COSTS – Based on average costs and times for a saddle maker with 3/5 years of experience

AMOUNT	DESCRIPTION	COST	TOTAL
1	MINIMUM CHARGE	1.00	1.00
	MISC SUPPLIES @ 20% (THREAD-RIVETS-DYE-OIL, ETC.)		0.20
	MATERIALS COST		1.20
	PROFIT OR RETURN ON INVESTMENT ON MATERIALS USED		0.06
	MATERIALS TOTAL COST		1.26
.98	HOURS OF LABOR NEEDED FOR REPAIR { The shop rate is the total of your hourly wage and an hourly rate to cover your overhead costs }	SHOP RATE TOTAL	MATERIALS & SHOP RATE TOTAL
	HOURS OF LABOR NEEDED FOR REPAIR TIMES A SHOP RATE OF $ 40.00 PER HOUR	39.20	40.46
	HOURS OF LABOR NEEDED FOR REPAIR TIMES A SHOP RATE OF $ 45.00 PER HOUR	44.10	45.36
	HOURS OF LABOR AT A SHOP RATE OF $ 50.00 per HOUR NATIONAL AVERAGE HOUSEHOLD INCOME	49.00	50.26
	HOURS OF LABOR NEEDED FOR REPAIR TIMES A SHOP RATE OF $ 55.00 PER HOUR	53.90	55.16
	HOURS OF LABOR NEEDED FOR REPAIR TIMES A SHOP RATE OF $ 60.00 PER HOUR	53.90	55.16

TIMES – Based on average times for a saddle maker with 3/5 years of experience

PROCESS	TIMES (minutes)
REMOVE OLD STITCHING	7.00
RE-STITCH PANEL	52.00
TOTAL MINUTES	59.00
TOTAL HOURS OF LABOR NEEDED FOR REPAIR	0.98