Flint Welding rebuilds spot welders for manufacturers. The following budgeted cost data for 2022 is available for Flint. Time Material Loading Charges Charges Technicians' wages and benefits $192,400 Parts manager's salary and benefits $39,600 Office employee's salary and benefits 51,800 9,400 Other overhead 14,800 19,600 Total budgeted costs $259,000 $68,600 The company desires a $39 profit margin per hour of labor and a 27% 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 2022 will be $392,000.