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Presented below are data relating to labor for Verde Appliance Repair shop. The desired profit margin per hour is $19.12. The material loading charge is
Presented below are data relating to labor for Verde Appliance Repair shop. The desired profit margin per hour is $19.12. The material loading charge is 60% of invoice cost. Verde estimates that 5,000 labor hours will be worked next year. If Verde repairs a dishwasher that takes 1.5 hours to repair and uses parts of $77.69, compute the bill for the job. (Round answer to 2 decimal places, e.g. 10.50.)
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