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Ivanhoe Spoon Service repairs commercial food preparation equipment. The following budgeted cost data is available for 2 0 2 2 : Ivanhoe Spoon has budgeted

Ivanhoe Spoon Service repairs commercial food preparation equipment. The following budgeted cost data is available for 2022 :
Ivanhoe Spoon has budgeted for 10,800 hours of technician time during the coming year. It desires a $57.00 profit margin per hour of
labor and a 40% profit margin on parts. Ivanhoe Spoon estimates the total invoice cost of parts and materials in 2022 will be $540,000.
(a1)
Compute the rate charged per hour of labor. (Round your intermediate calculations to 2 decimal places, e.g.52.75. Round final answer
to 2 decimal places, e.g.1,525.
Rate charged per hour of labor
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