Cheyenne Welding rebuilds spot welders for manufacturers. The following budgeted cost data for 2022 is available for Cheyenne. Material Time Loading Charges Charges Technicians' wages and benefits $202,800 Parts manager's salary and benefits $39,300 Office employee's salary and benefits 31,200 8,230 Other overhead 23,400 23,520 Total budgeted costs $257,400 $71,050 The company desires a $30 profit margin per hour of labor and a 23% profit margin on parts. It has budgeted for 7,800 hours of repair time in the coming year, and estimates that the total invoice cost of parts and materials in 2022 will be $392,000. (a) Compute the rate charged per hour of labor. Labor rate $ per hour (b) Compute the material loading percentage. (Round answer to 3 decimal places, e.g. 10.501%.) Material loading percentage % eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer Using multiple attempts will impact your score. 10% score reduction after attempt 2 (c) Pace Corporation has requested an estimate to rebuild its spot welder. Cheyenne estimates that it would require 45 hours of labor and $2,000 of parts. Compute the total estimated bill. (Round answer to 2 decimal places, e.g. 10.50.) Total estimated bill $