Use the Following Information for Questions
the Following Data

question 6

Multiple Choice

Use the following information for questions
The following data are available for Wheels 'N Spokes Repair Shop for 2020:
$$\begin{array} { l l } \text { Repair technician's wages } & \$ 150,000 \\\text { Fringe benefits } & 50,000 \\\text { Overhead } & \underline { 80,000 } \\\text { Total } & \underline { \$ 280,000}\end{array}$$ The desired profit margin is $15 per labour hour.The material loading charge is 35% of invoice cost.It is estimated that 4,000 labour hours will be worked in 2020.
-Wheels 'N Spokes' labour charge in 2020 would be

• A)$50.
• B)$65.
• C)$70.
• D)$85.

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Definitions:

Private Placement

The sale of securities to a relatively small number of select investors as a way of raising capital.