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Cheyenne's Electronic Repair Shop has budgeted the following time and material for 2022. Cheyenne's budgets 4.400 hours of repair time in 2022 and will bill
Cheyenne's Electronic Repair Shop has budgeted the following time and material for 2022. Cheyenne's budgets 4.400 hours of repair time in 2022 and will bill a profit of $6 per labor hour along with a 25% profit markup on the invoice cost of parts. The estimated invoice cost for parts to be used is $88,000. On January 5, 2022. Cheyenne's is asked to submit a price estimate to fix a 72-inch flat-screen TV. Cheyenne's estimates that this job will consume 4 hours of labor and $160 in parts. Prepare a time-and-material price quotation for fixing the flat-screen TV
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