AMOUNT
|
DESCRIPTION
|
COST
|
TOTAL
|
1
|
MATCHING LEATHER ( THE COST OF THE MATERIALS IS BELOW THE MINIMUM SO THE MINIMUM CHARGE IS USED)
|
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
|
.57
|
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
|
22.80
|
24.06
|
|
HOURS OF LABOR NEEDED FOR REPAIR TIMES A SHOP RATE OF $ 45.00 PER HOUR
|
25.65
|
26.91
|
|
HOURS OF LABOR AT A SHOP RATE OF $ 50.00 per HOUR
NATIONAL AVERAGE HOUSEHOLD INCOME
|
28.50
|
29.76
|
|
HOURS OF LABOR NEEDED FOR REPAIR TIMES A SHOP RATE OF $ 55.00 PER HOUR
|
31.35
|
32.61
|
|
HOURS OF LABOR NEEDED FOR REPAIR TIMES A SHOP RATE OF $ 60.00 PER HOUR
|
34.20
|
35.46
|