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has A B and C questions Sarasota Custom Electronics (RCE) sells and installs complete security, computer, audio, and video systems for homes. On newly constructed

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has A B and C questions
Sarasota Custom Electronics (RCE) sells and installs complete security, computer, audio, and video systems for homes. On newly constructed homes it provides bids using time-and-material pricing. The following budgeted cost data are avaitable. The company has budgeted for 6,750 hours of technician time during the coming year. It desires a \$38 profit margin per hour of labor and an 80% profit on parts. It estimates the total invoice cost of parts and materials in 2022 will be $756,000. (a) Compute the rate charged per hour of labor. (Round answer to 2 decimal places, eg 10.50.)

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