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Crane Custom Electronics ( CCE ) sells and installs complete security, computer, audio, and video systems for homes. On newly constructed homes it provides bids

Crane Custom Electronics (CCE) sells and installs complete security, computer, audio, and video systems for homes. On newly constructed homes it provides bids using time-and-material pricing. The following budgeted cost data are available.
Time Charges
Material Loading Charges
$35,000
15.470
2. Total par
Total par
Total par
Total par
Technicians wages and benefits
$142.800
Parts manager's salary and benefits
Office employee's salary and benefits
27,880
Other overhead
13.600
43,260
Now, let's ca
Total esti
Total esti
Total est
So, the tota
009
$93.730
Total budgeted costs
$184,280
The company has budgeted for 6,800 hours of technician time during the coming year. It desires a $39 profit margin per hour of labor and an 80% profit on parts. It estimates the total invoice cost of parts and materials in 2020 will be $721.000
Compute the rate charged per hour of labor. (Round answer to 2 decimal places, eg.10.50.)
Labor rate

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