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Padong Remanufacturing rebuilds spot welders for manufacturers. The following budgeted cost data for 2016 are available for Padong: Time Charges Material Loading Charges Technicians wages

Padong Remanufacturing rebuilds spot welders for manufacturers. The following budgeted cost data for 2016 are available for Padong:

Time Charges Material Loading Charges
Technicians wages and benefits $236,220
Parts managers salary and benefits $34,232
Office employees salary and benefits 68,580 11,411
Other overhead 15,240 19,311
Total budgeted costs $320,040 $64,954

The company wants a $30 profit margin per hour of labour and a 25% profit margin on parts. It has budgeted for 7,620 hours of repair time in the coming year, and estimates that the total invoice cost of parts and materials in 2016 will be $351,100.

Calculate the rate charged per hour of labour.

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