Jaycee Auto Repair has the following budgeted costs for the next year: Time Charges Material Charges Shop employees wages and benefits $120,000 $- Parts managers salary and benefits - 45,000 Office employees salary and benefits 30,000 15,000 Other overhead 15,000 40,000 Invoice cost of parts and materials - 400,000 Total budgeted costs $165,000 $500,000 The material loading charge to be used next year assuming a 40% markup on material cost is A. 40%. B. 80%. C. 20%. D. 65%.