Use the following information for questions
The following data are available for Wheels 'N Spokes Repair Shop for 2020:
The desired profit margin is $15 per labour hour.The material loading charge is 35% of invoice cost.It is estimated that 4,000 labour hours will be worked in 2020.
-In March 2020, Wheels 'N Spokes repairs a bicycle that takes three hours to repair and uses parts of $70.The bill for this repair would be
A) $244.50.
B) $289.50.
C) $304.50.
D) $349.50.
Correct Answer:
Verified
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