Monty Welding rebuilds spot welders for manufacturers. The following budgeted cost data for $2025$ 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 $2025$ will be $$392,000.$

$($a$)$

Compute the rate charged per hour of labor.

Labor rate

per hour