Deck 40: Estimates and Bills

Question 1

Bills are used for a number of reasons including providing a record of what inventory was used, to provide a record for how much time workers spent on various jobs, and to provide customers with a record of what pieces were replaced.

Answer 1

True

Question 2

Including the 6% tax on parts, what is the total cost of the estimate?

Answer 2

$159.97

Question 3

Using the original estimate, if the customer pays the bill within 30 days, a 10% discount is given on parts and labor. What is the discount if the customer pays within 30 days?

Answer 3

$15.44

Question 4

It the total cost of parts is $326.50 and there is a 4% sales tax, the amount added to the bill for tax is $12.86.

Question 5

Use the following information for problems 3 through 10. An oil burner needs repair. The technician replaces the parts listed: a. 1 gun nozzle $9.85 b. 20 feet of 3/8-inch copper fuel line. $0.82 per foot c. 1 fuel filter $7.45 d. 1 new oil pump $54.70 e. 2 pair oil gun electrodes $2.60 for each pair f. Labor (4 1/2 hours) $13.50 per hour What is the cost of labor to repair the oil burner?

Question 6

Using the original bill, if there was a 15% increase in the price of the oil pump what would be the new cost of the parts?

Question 7

If a 6% tax on parts is added, what is the cost for the tax?

Question 8

What is the cost of parts to repair the oil burner?

Question 9

Using the original bill, if the customer pays the bill within 45 days, an 8% discount is given on parts and labor. What would be the cost of the estimate if the customer pays within the 45 day period (include a 6% tax on parts after the 8% discount)?

Question 10

If a rebuilt oil pump costs $28.50 and takes 2 hours to install. What is the cost of parts and labor if the rebuilt pump is used?