Use the following information for questions
The following data are available for Wheels 'N Spokes Repair Shop for 2016: $$\begin{array} { l r }
\text { Repair technician's wages } & \$ 150,000 \
\text { Fringe benefits } & 50,000 \
\text { Overhead } & { 80,000 } \
\text { Total } & \$ 280,000
\end{array}$$ 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 2016.
-Wheels 'N Spokes' labour charge in 2016 would be
A)$50.
B)$65.
C)$70.
D)$85.

Question

Use the following information for questions 
The following data are available for Wheels 'N Spokes Repair Shop for 2016: $$\begin{array} { l r } 
\text { Repair technician's wages } & \$ 150,000 \
\text { Fringe benefits } & 50,000 \
\text { Overhead } & { 80,000 } \
\text { Total } & \$ 280,000
\end{array}$$ 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 2016.
-Wheels 'N Spokes' labour charge in 2016 would be
A)$50.
B)$65.
C)$70.
D)$85.

Quizplus · Accepted Answer

The Answer of Use the following information for questions 
The following data are available for Wheels 'N Spokes Repair Shop for 2016: $$\begin{array} { l r } 
\text { Repair technician's wages } & \$ 150,000 \
\text { Fringe benefits } & 50,000 \
\text { Overhead } & { 80,000 } \
\text { Total } & \$ 280,000
\end{array}$$ 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 2016.
-Wheels 'N Spokes' labour charge in 2016 would be
A)$50.
B)$65.
C)$70.
D)$85.

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