The following information relates to labor for Verde Appliance Repair Shop. Repair - technician's wages...
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Accounting
The following information relates to labor for Verde Appliance Repair Shop.
Repair - technician's wages $110000
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.
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