Presented below are data for Harmon Electrical Repair Shop for next year The desired profit margin per labor hour is $10 The material loading charge is 40 of invoice cost Harmon estimates that 8,000 labor hours will be worked next year Compute the rate charged per hour of labor Total Cost Repair technicians wages $130,000 Fringe benefits 30,000 Overhead 20,000 $180,000 If Harmon repairs a TV that takes 4 hours to repair and uses parts of $50, compute the bill for this job Do not copy from Chegg or else I will report

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

Presented below are data for Harmon Electrical Repair Shop for next year. The desired profit margin per labor hour is $10. The material loading charge is 40% of invoice cost. Harmon estimates that 8,000 labor hours will be worked next year. Compute the rate charged per hour of labor.

	Total Cost
Repair-technicians wages	$130,000
Fringe benefits	30,000
Overhead	20,000
	$180,000

If Harmon repairs a TV that takes 4 hours to repair and uses parts of $50, compute the bill for this job.

Do not copy from Chegg or else I will report.

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