Jaycee Auto Repair has the following budgeted costs for the next year:

Time Charges Material Charges

Shop employees' wages and benefits $120,000 $-

Parts manager's salary and benefits - 45,000

Office employee's salary and benefits 30,000 15,000 Other overhead 15,000 40,000 Invoice cost of parts and materials - 400,000

Total budgeted costs $165,000 $500,000

The materials loading charge is 65% and the labor charge per hour is $47.

Jaycee estimates that the repairs to a Cadillac Escalade damaged in an accident will take 45 hours of labor and $3,500 in parts and materials. The total cost of the repairs is