The following data is available for Coronado Repair Shop for 2019: Repair technicians’ wages $400000 Fringe benefits 70000 Overhead 50000 Total $520000 The desired profit margin is $46 per labor hour. The material loading charge is 40% of invoice cost. It is estimated that 5000 labor hours will be worked in 2019. In January 2019, Coronado repairs a bicycle that uses parts of $220. Its material loading charge on this repair would be $132. $88. $150. $284.
The following data is available for Coronado Repair Shop for 2019: Repair technicians’ wages $400000 Fringe benefits 70000 Overhead 50000 Total $520000 The desired profit margin is $46 per labor hour. The material loading charge is 40% of invoice cost. It is estimated that 5000 labor hours will be worked in 2019. In January 2019, Coronado repairs a bicycle that uses parts of $220. Its material loading charge on this repair would be $132. $88. $150. $284.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
The following data is available for Coronado Repair Shop for 2019:
| Repair technicians’ wages | $400000 |
| 70000 | |
| 50000 | |
| Total |
$520000
|
The desired profit margin is $46 per labor hour. The material loading charge is 40% of invoice cost. It is estimated that 5000 labor hours will be worked in 2019.
In January 2019, Coronado repairs a bicycle that uses parts of $220. Its material loading charge on this repair would be
$132.
$88.
$150.
$284.
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