The following data is available for Mike's Phone Repair Shop for 2020: Repair technician's wages $360,000 Fringe benefits 30,000 Overhead Total: 500,000 The desired profit margin is $25 per labor hour. The material toading charge is 25% of invoice cost. It is estimated that 5000 labor hours will be worked in 2019 In January 2020, Mike repaits a cellphone that uses parts of $200. Its material loading charge on this repair would be a $200 b. $20 6572 d. 550