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Compute the bill for this repair

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Reference no: EM132894417

Problem - The following data is available for Floating Boat Repair Shop for 2021:

Repair technicians' wages €180,000

Fringe benefits 40,000

Overhead 30,000

Total €250,000

The desired profit margin is €40 per labor hour. The material loading charge is 20% of invoice cost. It is estimated that 5,000 labor 19 hours will be worked in 2021. In Feb 2021, Floating boat repairs a boat that takes two hours to repair and uses parts of €240. Compute the bill for this repair?

Reference no: EM132894417

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