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The following data is available for Waterway Repair Shop for 2019: Repair technicians wages $460000 Fringe benefits 90000 Overhead 70000 Total $620000 The desired profit
The following data is available for Waterway Repair Shop for 2019:
Repair technicians wages | $460000 |
Fringe benefits | 90000 |
Overhead | 70000 |
Total | $620000 |
The desired profit margin is $50 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, Waterway repairs a bicycle that takes two hours to repair and uses parts of $340. The bill for this repair would be
$738.
$824.
$777.
$688.
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