The following data is available for Wheels 'N Spokes Repair Shop for 2019: Repair technicians’ wages...
The following data is available for Wheels 'N Spokes Repair Shop
for 2019:
| Repair technicians’ wages | $360000 |
| Fringe benefits | 80000 |
| Overhead | 60000 |
| Total |
$500000 |
The desired profit margin is $40 per labor hour. The material
loading charge is 40% of invoice cost. It is estimated that 5000
labor hours will be worked in 2019.
Wheels 'N Spokes’ labor charge per hour in 2019 would be
| $112. |
| $100. |
| $128. |
| $140. |
Homework Answers
Answer- Wheels 'N Spokes’ labor charge per hour in 2019 would be = $140.
Explanation- Labor charge per hour = ($500000/5000 hours)+$40 per labor hour
= $100 per hour+$40 per hour
= $140 per hour
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The following data is available for Wheels 'N Spokes Repair Shop
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