chap 9 qu32

Ivanhoe Remanufacturing rebuilds spot welders for manufacturers. The following budgeted cost data for 2022 are availabie for Ivanhoe: The compary wants a $30 proht margin per hour of labour and a 203 pront margin on parts ithas budgeted ror 7.000 hours of repair time in the coming year and estimates that the total imvoice cost of parts and materials in 2022 willbe 8350,000 Calculate the rate charged per hour of labour