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The following data are available for Wheels 'N Spokes Repair Shop for 2020: Repair technician's wages$155000 Fringe benefits 60000Overhead86000Total$301000 The desired profit margin is $17per
The following data are available for Wheels 'N Spokes Repair Shop for 2020:
Repair technician's wages$155000
Fringe benefits
60000Overhead86000Total$301000
The desired profit margin is $17per labour hour. The material loading charge is35% of invoice cost. It is estimated that4300labour 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 $70. The bill for this repair would be
a)$236.50.
b)$287.50.
c)$304.50.
d)$355.50.
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