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The following data is available for Sheffield Repair Shop for 2019: Repair technicians wages $420000 Fringe benefits 90000 Overhead 70000 Total $580000 The desired profit

The following data is available for Sheffield Repair Shop for 2019: Repair technicians wages $420000 Fringe benefits 90000 Overhead 70000 Total $580000 The desired profit margin is $48 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 March 2019, Sheffield repairs a bicycle that takes two hours to repair and uses parts of $340. The bill for this repair would be Entry field with incorrect answer $668. $751. $716. $804.

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