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The following data is available for Bonita Repair Shop for 2022: Repair technicians' wages $390000 Employee benefits 70000 Overhead 60000 $520000 Total The desired profit margin is $32 per labor hour. The material loading charge is 40% of invoice cost, it is estimated that 5000 labe hours will be worked in 2022. In March 2022.Bonita repairs a bicycle that takes two hours to repair and uses parts of $160. The bill for this repair would be O$496.00 Ⓒ$464.00 O$432.00 $508.80.

The following data is available for Bonita Repair Shop for 2022: Repair technicians' wages $390000 Employee benefits 70000 Overhead 60000 $520000 Total The desired profit margin is $32 per labor hour. The material loading charge is 40% of invoice cost, it is estimated that 5000 labe hours will be worked in 2022. In March 2022.Bonita repairs a bicycle that takes two hours to repair and uses parts of $160. The bill for this repair would be O$496.00 Ⓒ$464.00 O$432.00 $508.80.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The following data is available for Bonita Repair Shop for 2022: Repair technicians' wages $390000 Employee benefits: 70000 Overhead Total 60000 O $496.00. Ⓒ$464.00. $432.00 O $508.80. $520000 The desired profit margin is $32 per labor hour. The material loading charge is 40% of invoice cost. It is estimated that 5000 labor hours will be worked in 2022. in March 2022. Bonita repairs a bicycle that takes two hours to repair and uses parts of $160. The bill for this repair would be
Transcribed Image Text:The following data is available for Bonita Repair Shop for 2022: Repair technicians' wages $390000 Employee benefits: 70000 Overhead Total 60000 O $496.00. Ⓒ$464.00. $432.00 O $508.80. $520000 The desired profit margin is $32 per labor hour. The material loading charge is 40% of invoice cost. It is estimated that 5000 labor hours will be worked in 2022. in March 2022. Bonita repairs a bicycle that takes two hours to repair and uses parts of $160. The bill for this repair would be
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