Martinez Welding rebuilds spot welders for manufacturers. The following budgeted cost data for 2022 is available for Martinez. Time Material Loading Charges Charges Technicians' wages and benefits $246,400 Parts manager's salary and benefits $39,200 Office employee's salary and benefits 46,200 12,310 Other overhead 23,100 24,480 Total budgeted costs $315,700 $75,990 The company desires a $35 profit margin per hour of labor and a 21% profit margin on parts. It has budgeted for 7,700 hours of repair time in the coming year, and estimates that the total invoice cost of parts and materials in 2022 will be $408,000. Compute the rate charged per hour of labor. Labor rate $ eTextbook and Media per hour Compute the material loading percentage. (Round answer to 3 decimal places, e.g. 10.501%.) Material loading percentage % Pace Corporation has requested an estimate to rebuild its spot welder. Martinez estimates that it would require 37 hours of labor and $2,000 of parts. Compute the total estimated bill. (Round answer to 2 decimal places, e.g. 10.50.) Total estimated bill $ eTextbook and Media