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Keep It Running Inc. is a company that repairs and rebuilds heavy operating equipment, such as bulldozers and heavy tractors. Following is budgeted cost data for the company for the year of 2017. The company follows a "time and material" pricing model. The company is budgeting 11,000 repair hours and $325,000 of parts purchases for 2017. In addition company is targeting a $25.00 profit margin per hour on repair time and a 20% profit margin on part (Show computations for all answers. Compute the rate charged per hour of labor. Compute the material loading percentage, rounding to three decimal places. Roadway Construction has requested an estimate to repair their bulldozer. Keep It has estimated that the job will require 25 hours of labor and $1,500 of parts. Compute the total bill