Use the Following Information for Questions
the Following Data

question 88

Multiple Choice

Use the following information for questions
The following data are available for Wheels 'N Spokes Repair Shop for 2016: $$\begin{array} { l r } \text { Repair technician's wages } & \$ 150,000 \\\text { Fringe benefits } & 50,000 \\\text { Overhead } & { 80,000 } \\\text { Total } & \$ 280,000\end{array}$$ 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 2016.
-In January 2016, 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:

Formal Fallacy

An error in reasoning that involves the incorrect structure of the argument, making the argument invalid regardless of the content.

Invalid Argument

An argument whose conclusions do not logically follow from its premises, making it unsound or flawed in its reasoning.

Descriptive Premise

A premise that is based on empirical facts.

Argument

A set of statements or reasons made to support or oppose a proposition.