1. Lonely Guy Repair Service recently performed repair services for a customer that totaled $400. Somehow the bill was lost and the company accountant was trying to recreate the bill from memory. This is what was remembered: Total bill $400Labor profit margin $10Materials profit margin 20%Total labor charges $260Cost of materials used $100Total hourly cost $22.502. What was the material loading charge?A) 20%B) 25%C) 35%D) 40%3. Well Water Inc. wants to produce and sell a new flavored water. In order to penetrate the market the product will have to sell at $2.00 per 12 oz. bottle. The following data has been collected: Annual sales 50000 bottlesProjected selling and administrative costs $8000Desired profit $800004. The target cost per bottle isA) $0.24.B) $0.40.C) $0.16.D) $0.60.5. Custom Shoes Co. has gathered the following information concerning one model of shoe: Variable manufacturing costs $30000Variable selling and administrative costs $15000Fixed manufacturing costs $120000Fixed selling and administrative costs $90000Investment $1275000ROI 30%Planned production and sales 5000 pairs6. What is the desired ROI per pair of shoes?A) $51.00B) $126.00C) $76.50D) $127.50