Flounder Welding rebuilds spot welders for manufacturers. The following budgeted cost data for 2022 is available for Flounder. Material Time Loading Charges Charges Technicians' wages and benefits $237,000 Parts manager's salary and benefits $39,100 Office employee's salary and benefits 71,100 8,900 Other overhead 39,500 19,200 Total budgeted costs $347,600 $67,200 The company desires a $34 profit margin per hour of labor and a 21% 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 2022 will be $384,000.The company desires a $30 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 2014 will be $400,000. A. Compute the rate charged per hour of labor. (Round answer to 2 decimal places, e.g. 10.50.) B. Compute the material loading percentage. (Round answer to 3 decimal places, e.g. 10.501.) C. Pace Corporation has requested an estimate to rebuild its spot welder. Second Chance estimates that it would require 40 hours of labor and $2,000 of parts. Compute the total estimated bill. (Round answer to 2 decimal places, e.g. 10.50.)