Presented below are data for Kwik Appliance Repair Shop.
Repair-technicians’ wages ....... $120,000
Fringe benefits ............. 40,000
Overhead ............... 50,000
The desired profit margin per hour is $20. The material loading charge is 60% of invoice cost. Kwik estimates that 5,000 labor hours will be worked next year. If Kwik repairs a dishwasher that takes 1.5 hours to repair and uses parts of $80, compute the bill for the job.