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15 The following data are available for Ivanhoe Repair Shop for 2022 $295000 Repair technician's wages Fringe benefits Overhead 65000 90000 Total $450000 The desired

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The following data are available for Ivanhoe Repair Shop for 2022 $295000 Repair technician's wages Fringe benefits Overhead 65000 90000 Total $450000 The desired profit margin is $15 per labour hour. The material loading charge is 30% of invoice cost, it is estimated that 5000 labour hours will be worked in 2020. In March 2022. Ivanhoe repairs a bicycle that takes three hours to repair and uses parts of $90. The bill for this repair would be $387.00 O $432.00 $327.00 $372.00

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