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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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