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Wildhorse Remanufacturing rebuilds spot welders for manufacturers. The following budgeted cost data for 2022 are available for Wildhorse: The company wants a $30 profit margin

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Wildhorse Remanufacturing rebuilds spot welders for manufacturers. The following budgeted cost data for 2022 are available for Wildhorse: The company wants a $30 profit margin per hour of labour and a 30% profit margin on parts. It has budgeted for 7,720 hours of repair time in the coming year and estimates that the total invoice cost of parts and materials in 2022 will be $442,000, Blossom Corporation has asked for an estimate on rebuilding its spot welder. Wildhorse estimates that it would require 45 hours of labour and \$3,500 in parts. Calculate the total estimated bill. (Round answer to 2 decimal ploces, eg. 15.25)

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