Question: Presented below are data relating to labor for Verde Appliance Repair shop. The desired profit margin per hour is $19.12. The material loading charge is

 Presented below are data relating to labor for Verde Appliance Repair

Presented below are data relating to labor for Verde Appliance Repair shop. The desired profit margin per hour is $19.12. The material loading charge is 60% of invoice cost. Verde estimates that 5,000 labor hours will be worked next year. If Verde repairs a dishwasher that takes 1.5 hours to repair and uses parts of $77.69, compute the bill for the job. (Round answer to 2 decimal places, e.g. 10.50.)

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