Find the bill for the repair would be

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Reference no: EM132527125

The following data are available for Wheels 'N Spokes Repair Shop for 2020:

Repair technician's wages     $155000

Fringe benefits                      60000

Overhead                            86000

Total                                  $301000

Question 1: The desired profit margin is $17 per labour hour. The material loading charge is 35% of invoice cost. It is estimated that 4300 labour hours will be worked in 2020. In March 2020, Wheels 'N Spokes repairs a bicycle that takes three hours to repair and uses parts of $70. The bill for this repair would be

Option a) $236.50.

Option b) $287.50.

Option c) $304.50.

Option d) $355.50.

Reference no: EM132527125

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