Padong Remanufacturing rebuilds spot welders for manufacturers. The following budgeted cost data for 2020 are available for Padong: Material Loading Charges Time Charges Technicians' wages and benefits Parts manager's salary and benefits Office employee's salary and benefits Other overhead Total budgeted costs $228,800 57,200 21,450 $307,450 $48,000 20,000 24,000 $92,000 The company wants a $30 profit margin per hour of labour and a 25% profit margin on parts. It has budgeted for 7,150 hours of repair time in the coming year and estimates that the total invoice cost of parts and materials in 2020 will be $400,000 Calculate the rate charged per hour of labour. Rate charged $ per hour