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The Following Data Is Available for Wheels 'N Spokes Repair

Question 81

Multiple Choice

The following data is available for Wheels 'N Spokes Repair Shop for 2013:  Repair technicians’ wages $360,000 Fringe benefits 80,000 Overhead 60,000 Total $500,000\begin{array} { l r } \text { Repair technicians' wages } & \$ 360,000 \\\text { Fringe benefits } & 80,000 \\\text { Overhead } & 60,000 \\\text { Total } & \$ 500,000\end{array} The desired profit margin is $40 per labor hour.The material loading charge is 40% of invoice cost.It is estimated that 5,000 labor hours will be worked in 2013.
-In March 2013, Wheels 'N Spokes repairs a bicycle that takes two hours to repair and uses parts of $240.The bill for this repair would be


A) $520.
B) $560.
C) $592.
D) $616.

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