Use the following information for questions
The following data are available for Wheels 'N Spokes Repair Shop for 2012: 
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 2012.
-In January 2012, Wheels 'N Spokes repairs a bicycle that uses parts of $200.Its material loading charge on this repair would be
Definitions:
Machine-Hours
A measure of manufacturing time that indicates the amount of time a machine is in use.
Machine-Hours
A measure of the amount of time that machinery is in operation, typically used as a basis for allocating manufacturing overhead costs.
Predetermined Overhead Rate
A rate used to allocate manufacturing overhead costs to products based on a predetermined formula, often involving estimated costs and activity levels.
Machine-Hours
A measure of production volume or activity based on the number of hours machines are operating.
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