The following data is avaliable for Wheels \'N Spokes Repair Shop for 201X: Repa

Question

The following data is avaliable for Wheels 'N Spokes Repair Shop for 201X:
Repair technicians' wages..........................$180,000
Fringe benefits............................................40,000
Overhead...................................................30,000
..............................................Total........$250,000

The desired profit margin is $20 per labor hour. The material loading charge is 40% of invoice cost. It is estimated that 5,000 labor hours will be worked in 201X.
In march 201X, Wheels 'N Spokes repairs a bicycle that takes two hours to repair and uses parts of $120. The bill for this repair would be

a $280
b $260
c $308
d $296

Explanation / Answer

a $280

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