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The following data are available for ABC Repair Shop for 2016: Repair technician's wages...

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Accounting

The following data are available for ABC Repair Shop for 2016:

Repair technician's wages $ 200,000

Fringe benefits 40,000

Overhead 70,000

Total $310,000

The desired profit margin is $3 per labour hour. The material loading charge is 35% of invoice cost. It is estimated that 4,000 labour hours will be worked in 2016.

What is ABC's total planned profit based on labour charges in 2016?

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