Accra's Custom Electronics (ACE) sells and installs complete security, computer, audio, and video systems for homes. On newly constructed homes it provides bids using time-andmaterial pricing. The following budgeted cost data are available.

Time Charges Material Loading Charges

Technicians' wages and benefits 150,000 -?

Parts manager's salary and benefits ? 34,000

Office employee's salary and benefits 28,000 15,000

Other overhead 15,000 42,000

Total budgeted costs 193,000 91,000

The company has budgeted for 6,250 hours of technician time during the coming year. It desires a 38 profit margin per hour of labor and a 100% profit on parts. It estimates the total invoice cost of parts and materials in 2020 will be 700,000.

a) Compute the rate charged per hour of labor. (Round to two decimal places)

b) Compute the material loading percentage. (Round to two decimal places)

c) ACE has just received a request for a bid from Tema Builders on a 1,200,000 new home.

The company estimates that it would require 80 hours of labor and 40,000 of parts. Compute the total estimated bill.