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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

$716.

$751.

$804.

$668.

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