The following data is available for Jim And Johns repair shop for 2016 Repair technicians...
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Accounting
The following data is available for Jim And Johns repair shop for
2016 Repair technicians wages 360,000
Fringe Benefits 80000
Overhead 60000
Total 500000
The Desired profit margin is 50$ per labor hour The material loading charge is 40% of the invoice cost, It is estimated that 5000 labor hours will be worked in 2016 What will Jim and Johns labor charge per hour be?
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