Jaycee Auto Repair has the following budgeted costs for the next year: Time Charges Material Charges Shop employees' wages & benefits $228,000 $ Parts manager's salary & benefits 42,500 Office employee's salary & benefits 38,000 9,000 Other overhead 15,200 24,000 Invoice cost of materials 75,500 Total budgeted costs $281.200 $500,000 The company desires a $30 profit margin per hour of labor and a 20% profit margin on parts. It has budgeted fc repair time in the coming year, and estimates that the total invoice cost of materials in 2022 will be $400,000. Compute the rate charged per hour of labor. (Answer format: whole dollars, include dollar sign, no space e.g. $15) Question 8 Jaycee Auto Repair has the following budgeted costs for the next year: Time Charges Material Charges Shop employees' wages & benefits $228,000 $ Parts manager's salary & benefits 42,500 Office employee's salary & benefits 38,000 9,000 Other overhead 15,200 24,000 Invoice cost of materials 75,500 Total budgeted costs $281.200 $500,000 The company desires a $30 profit margin per hour of labor and a 20% profit margin on parts. It has budgeted fc repair time in the coming year, and estimates that the total invoice cost of materials in 2022 will be $400,000. Compute the rate charged per hour of labor. (Answer format: whole dollars, include dollar sign, no space e.g. $15) Question 8