Ignatenko?s Custom Electronics (ICE) 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 available.

Time Charges	Material Loading Charges
Technicians? wages and benefits	$156,800	?
Parts manager?s salary and benefits	?	$37,962
Office employee?s salary and benefits	40,880	19,684
Other overhead	12,880	44,992
Total budgeted costs	$210,560	$102,638

The company has budgeted for $5,600 hours of technician time during the coming year. It desires a $39 profit margin per hour of labor and a 95% profit on parts. It estimates the total invoice cost of parts and materials in 2014 will be $703,000.