Cullumber Remanufacturing rebuilds spot welders for manufacturers. The following budgeted cost data for 2022 are available for Cullumber: Time Charges Material Loading Charges Technicians' wages and benefits $204,400 Parts manager's salary and benefits $44,400 Office employee's salary and benefits 51,100 11,100 Other overhead 14,600 27,750 Total budgeted costs $270,100 $83,250 The company wants a $30 profit margin per hour of labour and a 30% profit margin on parts. It has budgeted for 7,300 hours of repair time in the coming year and estimates that the total invoice cost of parts and materials in 2022 will be $444,000.