9 of 13 < > -18 E Riverbed Welding rebuilds spot welders for manufacturers. The following budgeted cost data for 2022 is available for Riverbed. Material Time Loading Charges Charges Technicians' wages and benefits $192,400 Parts manager's salary and benefits $40,600 Office employee's salary and benefits 44,400 7,910 Other overhead 29.600 27,440 Total budgeted costs $266,400 $75,950 The company desires a $34 profit margin per hour of labor and a 20% profit margin on parts. It has budgeted for 7,400 hours of repair time in the coming year, and estimates that the total invoice cost of parts and materials in 2022 will be $392,000. Compute the rate charged per hour of labor. Labor rate per hour Compute the material loading percentage. (Round answer to 3 decimal places, e.g. 10.501%) Material loading percentage eTextbook and Media % Pace Corporation has requested an estimate to rebuild its spot welder. Riverbed estimates that it would require 43 hours of labor and $2,000 of parts. Compute the total estimated bill. (Round answer to 2 decimal places, e.g. 10.50.) Total estimated bill $ eTextbook and Media