Question 1

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.

Accepted Answer

A) True 
 B)False  False

Question 2

Use the following information for problems .

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

Accepted Answer

$60.75

Question 3

Use the following information for problems .

An oil burner needs repair.  The technician replaces the parts listed:
$\begin{array}{ll}
  \text {a. 1 gun nozzle } &\$ 9.85 \
\text {b. 20 feet of 3/8-inch copper fuel line. } &\$ 0.82 \text { per foot } \
\text {c. 1 fuel filter } & \$ 7.45 \
\text {d. 1 new oil pump} & \$ 54.70 \
\text {e. 2 pair oil gun electrodes} &\$ 2.60 \text { for each pair } \
\text {f. Labor (4 1/2 hours)} & \$ 13.50 \text { per hour }
\end{array}$
-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?

Accepted Answer

$94.40

Question 4

Use the following information for problems .

An oil burner needs repair.  The technician replaces the parts listed:
$\begin{array}{ll}
  \text {a. 1 gun nozzle } &\$ 9.85 \
\text {b. 20 feet of 3/8-inch copper fuel line. } &\$ 0.82 \text { per foot } \
\text {c. 1 fuel filter } & \$ 7.45 \
\text {d. 1 new oil pump} & \$ 54.70 \
\text {e. 2 pair oil gun electrodes} &\$ 2.60 \text { for each pair } \
\text {f. Labor (4 1/2 hours)} & \$ 13.50 \text { per hour }
\end{array}$
-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)?

Accepted Answer

The answer of Use the following information for problems .

An...

Question 5

Use the following information for problems .

An oil burner needs repair.  The technician replaces the parts listed:
$\begin{array}{ll}
  \text {a. 1 gun nozzle } &\$ 9.85 \
\text {b. 20 feet of 3/8-inch copper fuel line. } &\$ 0.82 \text { per foot } \
\text {c. 1 fuel filter } & \$ 7.45 \
\text {d. 1 new oil pump} & \$ 54.70 \
\text {e. 2 pair oil gun electrodes} &\$ 2.60 \text { for each pair } \
\text {f. Labor (4 1/2 hours)} & \$ 13.50 \text { per hour }
\end{array}$
-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?

Accepted Answer

The answer of Use the following information for problems .

An...

Question 6

Use the following information for problems .

An oil burner needs repair.  The technician replaces the parts listed:
$\begin{array}{ll}
  \text {a. 1 gun nozzle } &\$ 9.85 \
\text {b. 20 feet of 3/8-inch copper fuel line. } &\$ 0.82 \text { per foot } \
\text {c. 1 fuel filter } & \$ 7.45 \
\text {d. 1 new oil pump} & \$ 54.70 \
\text {e. 2 pair oil gun electrodes} &\$ 2.60 \text { for each pair } \
\text {f. Labor (4 1/2 hours)} & \$ 13.50 \text { per hour }
\end{array}$
-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?

Accepted Answer

The answer of Use the following information for problems .

An...

Question 7

Use the following information for problems .

An oil burner needs repair.  The technician replaces the parts listed:
$\begin{array}{ll}
  \text {a. 1 gun nozzle } &\$ 9.85 \
\text {b. 20 feet of 3/8-inch copper fuel line. } &\$ 0.82 \text { per foot } \
\text {c. 1 fuel filter } & \$ 7.45 \
\text {d. 1 new oil pump} & \$ 54.70 \
\text {e. 2 pair oil gun electrodes} &\$ 2.60 \text { for each pair } \
\text {f. Labor (4 1/2 hours)} & \$ 13.50 \text { per hour }
\end{array}$
-Including the 6% tax on parts, what is the total cost of the estimate?

Accepted Answer

The answer of Use the following information for problems .

An...

Question 8

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.

Accepted Answer

A) True 
 B)False

Question 9

Use the following information for problems .

An oil burner needs repair.  The technician replaces the parts listed:
$\begin{array}{ll}
  \text {a. 1 gun nozzle } &\$ 9.85 \
\text {b. 20 feet of 3/8-inch copper fuel line. } &\$ 0.82 \text { per foot } \
\text {c. 1 fuel filter } & \$ 7.45 \
\text {d. 1 new oil pump} & \$ 54.70 \
\text {e. 2 pair oil gun electrodes} &\$ 2.60 \text { for each pair } \
\text {f. Labor (4 1/2 hours)} & \$ 13.50 \text { per hour }
\end{array}$
-If a 6% tax on parts is added, what is the cost for the tax?

Accepted Answer

The answer of Use the following information for problems .

An...

Question 10

Use the following information for problems .

An oil burner needs repair.  The technician replaces the parts listed:
$\begin{array}{ll}
  \text {a. 1 gun nozzle } &\$ 9.85 \
\text {b. 20 feet of 3/8-inch copper fuel line. } &\$ 0.82 \text { per foot } \
\text {c. 1 fuel filter } & \$ 7.45 \
\text {d. 1 new oil pump} & \$ 54.70 \
\text {e. 2 pair oil gun electrodes} &\$ 2.60 \text { for each pair } \
\text {f. Labor (4 1/2 hours)} & \$ 13.50 \text { per hour }
\end{array}$
-What is the cost of parts to repair the oil burner?

Accepted Answer

The answer of Use the following information for problems .

An...

Exam 40: Estimates and Bills

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.

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.