Please do not give solution in image format thanku The following data is available for Bonita Repair Shop for 2022:Repair technicians' wages $390000Employee benefits:70000OverheadTotal60000O $496.00.Ⓒ$464.00.$432.00O $508.80.$520000The desired profit margin is $32 per labor hour. The material loading charge is 40% of invoice cost. It is estimated that 5000 laborhours 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

Predetermined Overhead Rate :— It is the rate used to allocate manufacturing overhead costs to cost…

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

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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