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The following information relates to labor for Verde Appliance Repair Shop. Repair-technicians wages $110,000 ...

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Accounting

The following information relates to labor for Verde Appliance Repair Shop.

Repair-technicians wages $110,000

Fringe benefits 40,000

Overhead 50,000

The desired profit margin per hour is $20. The material loading charge is 60% of invoice cost. Verde estimates that 5,000 labor hours will be worked next year. If Verde repairs a dishwasher that takes 1.5 hours to repair and uses parts that cost $70, compute the bill for the job. Determine transfer prices.

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