Padong Remanufacturing rebuilds spot welders for manufacturers. The following budgeted cost data for 2020 are available for Padong:

		Time Charges		Material Loading Charges
Technicians wages and benefits		$192,240
Parts managers salary and benefits				$40,260
Office employees salary and benefits		56,960		11,895
Other overhead		28,480		18,300
Total budgeted costs		$277,680		$70,455

The company wants a $40 profit margin per hour of labour and a 20% profit margin on parts. It has budgeted for 7,120 hours of repair time in the coming year and estimates that the total invoice cost of parts and materials in 2020 will be $366,000.

(a)

Calculate the rate charged per hour of labour.

Rate charged

$ per hour