Determine the profit margin on materials. (Round intermediate calcutations to 2 decimal places, e.g. 10.25\% and final answer to 0 decimat places, e.g. 10\%.) Profit margin on materials Determine the total price of labor and materiais on a job that was completed after the fire that required 160 hours of labor and $62,300 in parts and materials. Total price Second Chance Welding rebuilds spot welders for manufacturers. The following budgeted cost data for 2020 is avallable for Second Chance. The company desires a $36 profit margin per hour of labor and a 25.00% profit margin on parts. It has budgeted for 7,400 hours of repair time in the coming year, and estimates that the total invoice cost of parts and materials in 2020 will be $416,000. (a) Compute the rate charged per hour of labor. Labor rate $ perhour Wassori's Classic Cars restores classic automobiles to showroom status, Budgeted data for the current year are as follows. The company anticipated that the restorers would work a total of 10,000 hours this year. Expected parts and materials were $1,278,000. In late January, the company experienced a fire in its facilities that destroyed most of the accounting records. The accountant remembers that the hourly labor rate was $70 and that the material loading charge was 84%. (a) Determine the profit margin per hour on labor, (Round intermediate calculations to 2 decimal places, 4.20 .25 and final answer to 0 decimal ploces, es. 10.) Profit margin on labor per hour Compute the material loading percentage. (Round anmwr to 3 decimal places, eq. 10.5018) Material loading percentage eTextbook and Media Attempts: 1 of 3 used (c) Pace Corporation has requested an estimate to rebuild its spot weider. Second Chance estimates that it would require 43 hours of labor and $3,200 of parts. Compute the total estimated bill. (Round onswer to 2 decimal ploces, es. 10.50) Total estimated bill