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The following data are available for Blossom Repair Shop for 2022: Repair technician's wages $338000 Fringe benefits 58000 Overhead 84000 Total $480000 The desired profit

The following data are available for Blossom Repair Shop for 2022:

Repair technician's wages $338000
Fringe benefits 58000
Overhead 84000
Total $480000

The desired profit margin is $17 per labour hour. The material loading charge is 35% of invoice cost. It is estimated that 6000 labour hours will be worked in 2020. In March 2022, Blossom repairs a bicycle that takes three hours to repair and uses parts of $80. The bill for this repair would be

$399.00.

$280.00.

$331.00.

$348.00.

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