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The following data are available for Sheridan Repair Shop for 2022: Repair technician's wages $155000 Fringe benefits 60000 Overhead 86000 Total $301000 The desired profit
The following data are available for Sheridan Repair Shop for 2022:
Repair technician's wages | $155000 |
Fringe benefits | 60000 |
Overhead | 86000 |
Total | $301000 |
The desired profit margin is $17 per labour hour. The material loading charge is 35% of invoice cost. It is estimated that 4300 labour hours will be worked in 2020. In March 2022, Sheridan repairs a bicycle that takes three hours to repair and uses parts of $70. The bill for this repair would be
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