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The following data is available for Jim And Johns repair shop for 2016 Repair technicians wages 360,000 Fringe Benefits 80000 Overhead 60000 Total 500000 The

The following data is available for Jim And Johns repair shop for

2016 Repair technicians wages 360,000

Fringe Benefits 80000

Overhead 60000

Total 500000

The Desired profit margin is 50$ per labor hour The material loading charge is 40% of the invoice cost, It is estimated that 5000 labor hours will be worked in 2016 What will Jim and Johns labor charge per hour be?

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