1/3 Question 4 of 5 > = View Policies Show Attempt History Current Attempt in Progress Second Chance Welding rebuilds spot welders for manufacturers. The following budgeted cost data for 2020 is available for Second Chance Time Changes Material Loading Charges $244.900 $ 40,000 Technicians' wages and benefits Parts manager's salary and benefits Office employee's salary and benefits Other overhead Total budgeted costs 71,100 10.960 7.900 24.960 $323,900 $75,920 The company desires a $37 profit margin per hour of labor and a 21.00% profit margin on parts. It has budgeted for 7,900 hours of repair time in the coming year and estimates that the total involce cost of parts and materials in 2020 will be $ 416,000 (a) Compute the rate chied per hour of labor Laborrate $ 7 Der hour Textbook and Media Attempts: 1 of 5 used (b) Compute the material londine percentage (Round answer to 3 decimal places. e. 10.501%) Material loading percentage e Textbook and Media Attempts: 0 of Sused Submit Awe Soveforter (c)