Use the following information for questions
The following data is available for Wheels ‘N Spokes Repair Shop for 2016:The desired profit margin is $40 per labor hour. The material loading charge is 40% of invoice cost. It is estimated that 5,000 labor hours will be worked in 2016.
-Wheels 'N Spokes' labor charge per hour in 2016 would be
A)$100.
B)$112.
C)$128.
D)$140.

Question

Use the following information for questions 
The following data is available for Wheels ‘N Spokes Repair Shop for 2016:The desired profit margin is $40 per labor hour. The material loading charge is 40% of invoice cost. It is estimated that 5,000 labor hours will be worked in 2016.
-Wheels 'N Spokes' labor charge per hour in 2016 would be
A)$100. 
B)$112. 
C)$128. 
D)$140.

Quizplus · Accepted Answer

The Answer of Use the following information for questions 
The following data is available for Wheels ‘N Spokes Repair Shop for 2016:The desired profit margin is $40 per labor hour. The material loading charge is 40% of invoice cost. It is estimated that 5,000 labor hours will be worked in 2016.
-Wheels 'N Spokes' labor charge per hour in 2016 would be
A)$100. 
B)$112. 
C)$128. 
D)$140.

Use the Following Information for Questions