Question 5 (14 marks) The following information has been provided by Speedy Car & Maintenance Shoppe: Parts Repairs 300,000 100,000 Repair mechanic wages Service manager salary Parts manager salary Employee benefits: 20% of salaries and wages Supplies Clerical costs Invoice cost on parts used Total budgeted costs 80,000 5,000 15,000 80,000 16,000 5,000 12,000 700,000 813,000 500,000 The maintenance manager estimates that customers will be billed based on 50,000 hours of repair time. In addition, the profit will be $15 per hour of repair time. For parts, the competitive markup on invoice cost of parts used will be 30%. Freddie, a student on placement with Speedy Car & Maintenance Shoppe has to prepare an invoice to a customer for a job requiring 8 hours of the mechanic's wages and $300 in parts used. Freddie is confused and needs some help. Required: Calculate the total amount of the invoice for this job considering the time rate and materials loading charge that would have been determined. Show all calculations