Use the Following Information for Questions

question 83

Multiple Choice

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

• A)$35.
• B)$70.
• C)$235.
• D)$270.

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Definitions:

Compute

To calculate or process information by performing mathematical operations, often using a computer.

Unbiased Estimates

Statistical estimates that are expected to be equal to the true value of the parameter being measured, not systematically over or underestimating the true value.

Conservative Estimates

Predictions or calculations that are deliberately cautious or understated, often to ensure that outcomes will meet or exceed expectations.

Strengths

Aspects of an entity, be it an individual, team, project, or system, that represent positive attributes or competitive advantages.