Oriole Remanufacturing rebuilds spot welders for manufacturers. The following budgeted cost data for 2022 are avallable for Oriole The company wants a $30 profit margin per hour of labour and a 25% profit margin on parts. It has budgeted for 8.000 hours of repair Calculate the rate charged per hour of labour. Calculate the material loading percentage. (Round answer to 3 decimal places, eg. 15.251\%.)