Q15

The following data are available for Sheridan Repair Shop for 2022 Repair technician's wages $180000 Fringe benefits 55000 Overhead 90000 Total $325000 The desired profit margin is $17 per labour hour. The material loading charge is 35% of invoice cost. It is estimated that 5000 labour hours will be worked in 2020. In March 2022, Sheridan repairs a bicycle that takes three hours to repair and uses parts of $65. The bill for this repair would be $214.75 $333.75. O $282.75 $265.75