The following data are available for Wheels 'N Spokes Repair Shop for 2020:

Repair technician's wages$216000

Fringe benefits60000

Overhead84000

Total$360000

The desired profit margin is $11per labour hour. The material loading charge is35% of invoice cost. It is estimated that6000labour hours will be worked in 2020. In March 2020, Wheels 'N Spokes repairs a bicycle that takes three hours to repair and uses parts of $60. The bill for this repair would be

$217.00.

$250.00.

$261.00.

$294.00.