Monty Welding rebuilds spot welders for manufacturers. The following budgeted cost data for 2022 is available for Monty. The company desires a $37 profit margin per hour of labor and a 20% profit margin on parts. It has budgeted for 7,000 hours of repair time in the coming year, and estimates that the total invoice cost of parts and materials in 2022 will be $392,000. Compute the rate charged per hour of labor. $ per hour eTextbook and Media 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. Monty estimates that it would require 36 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