Marigold Welding rebuilds spot welders for manufacturers. The following budgeted cost data for 2020 is available for Marigold. Time Charges Material Loading Charges Technicians' wages and benefits $266,000 Parts manager's salary and benefits $40,000 45,600 Office employee's salary and benefits Other overhead 22,800 10,500 28,000 $78,500 Total budgeted costs $334.400 The company desires a $35 profit margin per hour of labor and a 26.00% proht margin on parts. It has budgeted for 7.600 hours of repair time in the coming year, and estimates that the total invoice cost of parts and materials in 2020 will be $400,000 Compute the rate charged per hour of labor. Labor rate $ per hour Compute the material loading percentage. (Round answer to 3 decimal places, e.g. 10.501%) Material loading percentage e Textbook and Media Concord Corporation has requested an estimate to rebuild its spot welder. Marigold estimates that it would require 41 hours of labor and $2,400 of parts. Compute the total estimated bill. (Round answer to 2 decimal places, e-8. 10.50.) Total estimated bill $ eTextbook and Media