Ayayai Custom Electronics (RCE) sells and installs complete security, computer, audio, and video systems for homes. On newly constructed homes it provides bids using time-and-material pricing. The following budgeted cost data are available. The company has budgeted for 7,750 hours of technician time during the coming year. It desires a $38 profit margin per hour of labor and an 80% profit on parts. It estimates the total invoice cost of parts and materials in 2022 will be $868,000. (a) Compute the rate charged per hour of labor. (Round answer to 2 decimal places, e.g. 10.50.) Labor rate \$ perhour (b) HLtempls: 1 or usea Your answer is correct. Compute the material loading percentage. Material loading percentage eTextbook and Media Attempts: 1 of 5 used (c) RCE has just received a request for a bid on a security and home entertainment system from Buil Builders on a $1,488,000 new home. The company estimates that the job would require 80 hours of labor and $49,600 of parts. Compute the total estimated bill. Aysysi' Custom Electronics (RCE) sels snd installs complete security, computer, sudio, and video systems for hemes. On newty constucted homes it provides bids using time-snd-material pricing. The following budgeted cost data are zvailabie. Thecompany has budzeted tor 7,350 haurs of techn'c'an time during the coming year. It desires a $38 profit margin per hour of labor and an 60 i. profit on parte. It estimstes the total imcice cost of parts and materisis in 2022 will be $669.000. [a] Your answer is cerrect Compute the rate charged per hour of labor. (Round aswer to 2 decimal ploces, eg. 10.50) Laborrate 5 perhaur elextbook and Media Atteripts: 1 of 5 used () Ybur answer is cratect Computsthematerial losding percentage Materlal losding percente Artempts: 1 of 5 used eTextbook and Media (c) REE has Just racehed a request for a bid on a securlty and home enterta inment system from Bul Bulders cn a $1.469,000 new bill Total astimated bill $