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The following data are available for ABC Repair Shop for 2016: Repair technician's wages $ 200,000 Fringe benefits 40,000 Overhead 70,000 Total $310,000 The desired
The following data are available for ABC Repair Shop for 2016:
Repair technician's wages $ 200,000
Fringe benefits 40,000
Overhead 70,000
Total $310,000
The desired profit margin is $3 per labour hour. The material loading charge is 35% of invoice cost. It is estimated that 4,000 labour hours will be worked in 2016.
What is ABC's total planned profit based on labour charges in 2016?
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