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Oriole Remanufacturing rebuilds spot welders for manufacturers. The following budgeted cost data for 2022 are available for Oriole: Time Charges Material Loading Charges Technicians wages

Oriole Remanufacturing rebuilds spot welders for manufacturers. The following budgeted cost data for 2022 are available for Oriole:

Time Charges

Material Loading Charges

Technicians wages and benefits

$260,700

Parts managers salary and benefits

$36,960

Office employees salary and benefits

63,200

16,720

Other overhead

23,700

25,520

Total budgeted costs

$347,600

$79,200

The company wants a $35 profit margin per hour of labour and a 30% profit margin on parts. It has budgeted for 7,900 hours of repair time in the coming year and estimates that the total invoice cost of parts and materials in 2022 will be $352,000.

(a)

Calculate the rate charged per hour of labour.

Rate charged $enter the rate charged in dollars per hour per hour

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