Question: Lavender Services uses time and material pricing. The billing rate, or time component, is R50 per hour of repair time and material loading charge is

Lavender Services uses time and material pricing. The billing rate, or time component, is R50 per hour of repair time and material loading charge is 40% of the invoice cost of parts used. Using these rates, calculate the billed amount of a repair job that requires 4 hours of mechanics time and R250 in parts.

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