Culver Welding rebuilds spot welders for manufacturers. The following budgeted cost data for 2022 is available for Culver. Technicians' wages and benefits Parts manager's salary and benefits Office employee's salary and benefits Other overhead Total budgeted costs Time Charges $197,600 53,200 30,400 $281,200 Material Loading Charges $39,100 13,420 20,800 $73,320 The company desires a $35 profit margin per hour of labor and a 20% 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 $416,000.

Culver Welding rebuilds spot welders for manufacturers. The following budgeted cost data for 2022 is available for Culver. The company desires a $35 profit margin per hour of labor and a 20% 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 $416,000. Compute the rate charged per hour of labor. Labor rate perhour Attempts: 0 of 2 used