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What the bill for the repair would be

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Reference no: EM132541047

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

Repair technician's wages $216000

Fringe benefits                60000

Overhead                   84000

Total                          $360000

Question 1: The desired profit margin is $11 per labour hour. The material loading charge is 35% of invoice cost. It is estimated that 6000 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 $60. The bill for this repair would be

Option 1: $217.00.

Option 2: $250.00.

Option 3: $261.00.

Option 4: $294.00.

Reference no: EM132541047

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