The following data is available for Marigold Repair Shop for 2016: Repair technicians wages $320000 Fringe benefits 80000 Overhead 60000 Total $460000 The desired profit margin is $42 per labor hour. The material loading charge is 40% of invoice cost. It is estimated that 5000 labor hours will be worked in 2016. In March 2016, Marigold repairs a bicycle that takes two hours to repair and uses parts of $240. The bill for this repair would be