The following data is available for Sheffield Repair Shop for 2016:

Repair technicians’ wages..........$460000

Fringe benefits ...........................70000

Overhead...................................50000

Total.....................................$580000

The desired profit margin is $44 per labor hour. The material loading charge is 40% of invoice cost. It is estimated that 5000 labor hours will be worked in 2016.

In January 2016, Sheffield repairs a bicycle that uses parts of $180. Its material loading charge on this repair would be

Answer rating: 100% (QA)

Calculation of Total invoice cost Total estimated cost of La... View the full answer