Below are the data for J & S Plumbing Company for next year.

Plumber's wages $120,000

Fringe benefits are 30% of wages

Overhead is10% of wages plus fringe benefits

The desired profit margin per labor hour is $12. The material loading charge is 50% of invoice cost. The company estimates that 5,720 labor hours will be worked next year.

If J & S Plumbing Company completes a shower/tub installation that takes 4 hours to install and uses parts costing $76, Compute the estimate for this job.

HINT:

Determine Labor costs

Determine material costs

Determine overhead costs

Add labor, material, and overhead costs to get your final answer

(IMPORTANT: Your answer must contain a $ sign in front of your answer followed by a decimal point and two digits, even if they are zeros. Your answer should resemble this example to be counted correctly: $707.07)