Presented below are data relating to labor for Verde Appliance Repair Shop. Repair-technicians' wages $111,188...
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Accounting
Presented below are data relating to labor for Verde Appliance Repair Shop.
Repair-technicians' wages $111,188
Fringe benefits 27,852
Overhead 47,388
The desired profit margin per hour is $24.34. The material loading charge is 60% of invoice cost. Verde estimates that 4,400 labor hours will be worked next year. If Verde repairs a dishwasher that takes 1.5 hours to repair and uses parts of $84.54, compute the bill for the job. (Round answer to 2 decimal places, e.g. 10.50.)
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