Current Attempt in Progress Second Chance Welding rebuilds spot welders for manufacturers. The following budgeted cost data for 2020 is available for Second Chance. Time Charges $237,000 Material Loading Charges Technicians' wages and benefits Parts manager's salary and benefits Office employee's salary and benefits Other overhead Total budgeted costs 71,100 39,500 $347,600 $39,100 8,900 19,200 $67,200 The company desires a $34 profit margin per hour of labor and a 21.00% profit margin on parts. It has budgeted for 7,900 hours of repair time in the coming year, and estimates that the total invoice cost of parts and materials in 2020 will be $384,000. Your answer is correct. Compute the rate charged per hour of labor. Attem (b) Compute the material loading percentage. (Round answer to 3 decimal places, eg. 10.501%.) Material loading percentage e Textbook and Media Attempts: 0 of 2 used Save for Later (c) inf this question must be completed in order. This part will be available when you comple