Blossom Remanufacturing rebuilds spot welders for manufacturers. The following budgeted cost data for 2022 are available for Blossom:

		Time Charges		Material Loading Charges
Technicians wages and benefits		$272,000
Parts managers salary and benefits				$38,010
Office employees salary and benefits		40,000		17,195
Other overhead		16,000		24,435
Total budgeted costs		$328,000		$79,640

The company wants a $30 profit margin per hour of labour and a 25% profit margin on parts. It has budgeted for 8,000 hours of repair time in the coming year and estimates that the total invoice cost of parts and materials in 2022 will be $362,000.

Calculate the material loading percentage. (Round answer to 3 decimal places, e.g. 15.251%.)

Material loading percentage

enter the material loading percentages rounded to 3 decimal places %