The following data is available for Chattanooga Spokes 'N Wheels Repair Shop for 2022: Repair technicians' wages $360,000 Fringe benefits 80,000 Overhead 60,000 Total $500,000 The desired profit margin is $40 per labor hour. The material loading charge is 40% of parts invoice cost. It is estimated that 5,000 labor hours will be worked in 2022. In March 2022, Spokes 'N Wheels repairs a bicycle that takes two hours to repair and uses parts of $223. The bill for this repair would be Enter the amount to two decimal places. Dollar sign not needed.

The following data is available for Chattanooga Spokes N Wheels Repair Shop for 2022: The desired profit margin is $40 per labor hour. The material loading charge is 40% of parts invoice cost. It is estimated that 5,000 labor hours will be worked in 2022. In March 2022, Spokes 'N Wheels repairs a bicycle that takes two hours to repair and uses parts of $223. The bill for this repair would be Enter the amount to two decimal places. Dollar sign not needed