The following data is available for Concord Repair Shop for 2019: Repair technicians' wages $360000 Fringe benefits 80000 Overhead 60000 Total $500000 The desired profit margin is $40 per labor hour. The material loading charge is 40% of invoice cost. It is estimated that 5000 labor hours will be worked in 2019. In January 2019, Concord repairs a bicycle that uses parts of $160. Its material loading charge on this repair would be $140. $64. $96. $244