The following data related to labor is available for Sheridan Repair Shop for 2019: Repair technicians wages Fringe benefits Overhead Total $260000 90000 70000 $420000 The desired profit margin is $36 per labor hour. The material loading charge is 40% of invoice cost. It is estimated that 5000 labor hours will be worked in 2019. Sheridan' labor charge per hour in 2019 would be $106 $88 $120 584