Multiple Choice Question 84 Marigold Corp. has the following budgeted costs for the next year: Time Charges Material Charges $180000 $- 45000 Shop employees' wages and benefits Parts manager's salary and benefits Office employee's salary and benefits Other overhead Invoice cost of parts and materials 5000 15000 7500 30000 350000 Total budgeted costs $202500 $430000 The labor rate to be used next year assuming 7500 hours of repair time and a profit margin of $25 per labor hour is o $49. 0 $27. 0 $52. 0 $50