Question: Below are data for Benoit Electrical Repair Shop for next year. The desired profit margin per labor hour is $10. The material loading charge is

Below are data for Benoit Electrical Repair Shop for next year.

The desired profit margin per labor hour is $10. The material loading charge is 40% of invoice cost. Benoit estimates that 7,500 labor hours will be worked next year. Repair-technicians wages $130,000, Fringe benefits $30,000 and overhead $20,000. If Benoit repairs a TV that takes 4 hours to repair and uses parts costing $50. Compute the bill for this job.

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