Michael has budgeted for $10,000$ hours of technician time during the coming year. It desires a $$54$ profit

margin per hour of labor and a $40\%$ profit margin on parts. Michael estimates the total invoice cost of

parts and materials in $2019$ will be $$500,000.$

Instructions

$1.$ Compute the rate charged per hour of labor.

$2.$ Compute the material loading charge.

$3.$ Michael has received a request from Lime Corporation for an estimate to repair a commercial fryer.

The company estimates that it would take $20$ hours of labor and $$8,000$ of parts. Compute the total

estimated bill.