Business, 17.04.2020 18:05 20copstevens
The following data is available for Wheels 'N Deals Repair Shop for 2020: Repair technician's wages $360,000 Fringe benefits 80,000 Overhead 60,000 Total: $500,000 The desired profit margin is $40 per labor hour. The material loading charge is 40% of invoice cost. It is estimated that 5,000 labor hours will be worked in 2020. In March 2020, Wheels 'N Deals repairs a bicycle that takes two hours to repair and uses parts of $240. The bill for this repair would be:
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