Question: Presented below are data relating to labor for Verde Appliance Repair Shop. Repair-technicians' wages................... $110,000 Fringe benefits....................................40,000 Overhead..........................................50,000 The desired profit margin per hour is

Presented below are data relating to labor for Verde Appliance Repair Shop.
Repair-technicians' wages................... $110,000
Fringe benefits....................................40,000
Overhead..........................................50,000
The desired profit margin per hour is $20. The material loading charge is 60% of invoice cost. Verde estimates that 5,000 labor hours will be worked next year. If Verde repairs a dishwasher that takes 1.5 hours to repair and uses parts of $70, compute the bill for the job?

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