Presented below are data for Harmon Electrical Repair Shop for next year. The desired profit margin per labor hour is $10. The material loading charge is 40% of invoice cost. Harmon estimates that 8,000 labor hours will be worked next year. Compute the rate charged per hour of labor.

	Total Cost
Repair-technicians wages	$130,000
Fringe benefits	30,000
Overhead	20,000
	$180,000

If Harmon repairs a TV that takes 4 hours to repair and uses parts of $50, compute the bill for this job.

Do not copy from Chegg or else I will report.