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Indigo Welding rebuilds spot welders for manufacturers. The following budgeted cost data for 2022 is...

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Accounting

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Indigo Welding rebuilds spot welders for manufacturers. The following budgeted cost data for 2022 is available for Indigo. The company desiresa $40 profit margin per hour of labor and a 28% profit margin on parts. It has budgeted for 7,400 hours of repair time in the coming year, and estimates that the total invoice cost of parts and materials in 2022 will be $416,000. Pace Corporation has requested an estimate to rebuild its spot welder. Indigo estimates that it would require 36 hours of labor and $2,000 of parts. Compute the total estimated bill. (Round answer to 2 declmal places, eg. 10.50.) Total estimated bill

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