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The following data is available for Sheffield Repair Shop for 2019: Repair technicians wages $290000 Fringe benefits 70000 Overhead 50000 Total $410000 The desired profit
The following data is available for Sheffield Repair Shop for 2019:
Repair technicians wages | $290000 |
Fringe benefits | 70000 |
Overhead | 50000 |
Total | $410000 |
The desired profit margin is $34 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 $180. The bill for this repair would be
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