Bramble Welding rebuilds spot welders for manufacturers. The following budgeted cost data for 2022 is available for Bramble. Time Material Loading Charges Charges Technicians' wages and benefits $266,000 Parts manager's salary and benefits $40,000 Office employee's salary and benefits 45,600 10,500 Other overhead 22,800 28,000 Total budgeted costs $334,400 $78,500 The company desires a $35 profit margin per hour of labor and a 26% profit margin on parts. It has budgeted for 7,600 hours of repair time in the coming year, and estimates that the total invoice cost of parts and materials in 2022 will be $400,000. (a) Compute the rate charged per hour of labor. Labor rate $ eTextbook and Media Save for Later Using multiple attempts will impact your score. 10% score reduction after attempt 2 per hour Attempts: 0 of 3 used Submit Answer