The following information relates to labor for Riverbed Appliance Repair Shop. Repair-technicians' wages $127.500 Fringe benefits 40,800 Overhead 66,300 The desired profit margin per hour is $24. The material loading charge is 60% of invoice cost. Riverbed estimates that 5,100 labor hours will be worked next year. If Riverbed repairs a dishwasher that takes 1.2 hours to repair and uses parts that cost $80. compute the bill for the job. Total cost

Principles of Accounting Volume 2
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Chapter6: Activity-based, Variable, And Absorption Costing
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The following information relates to labor for Riverbed Appliance Repair Shop.
Repair-technicians' wages $127.500
Fringe benefits
40,800
Overhead
66,300
The desired profit margin per hour is $24. The material loading charge is 60% of invoice cost. Riverbed estimates that 5,100 labor
hours will be worked next year. If Riverbed repairs a dishwasher that takes 1.2 hours to repair and uses parts that cost $80.
compute the bill for the job.
Total cost
Transcribed Image Text:The following information relates to labor for Riverbed Appliance Repair Shop. Repair-technicians' wages $127.500 Fringe benefits 40,800 Overhead 66,300 The desired profit margin per hour is $24. The material loading charge is 60% of invoice cost. Riverbed estimates that 5,100 labor hours will be worked next year. If Riverbed repairs a dishwasher that takes 1.2 hours to repair and uses parts that cost $80. compute the bill for the job. Total cost
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