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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.
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