The following data is available for Wheels $\text{'}$N Spokes Repair Shop for $2022$: Repair technicians' wages $$360,000$ Fringe benefits $80,000$ Overhead $60,000$ Total $$500,000$ The desired profit margin is $$40$ per labor hour. The material loading charge is $28\%$ of invoice cost. It is estimated that $5,000$ labor hours will be worked in $2022.$ In January $2022,$ Wheels $\text{'}$N Spokes repairs a bicycle that uses parts of $$240.$