The following data is available for Carls repair Shop for 2019: Repair technicians wages...
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Accounting
The following data is available for Carls repair Shop for 2019:
Repair technicians wages $380000
Fringe benefits 85000
Overhead 65000
Total $530000
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The desired profit margin is $42 per labor hour. The material loading charge is 40% of invoice cost. It is estimated that 5000 labor hours will be worked in 2019. In January 2019, Carls repairs a bicycle that uses parts of $180. Its material loading charge on this repair would be_________________?
$148
$262
$108
$72
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