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

		Time Charges		Material Loading Charges
Technicians wages and benefits		$195,000
Parts managers salary and benefits				$47,740
Office employees salary and benefits		70,200		20,615
Other overhead		31,200		29,295
Total budgeted costs		$296,400		$97,650

The company wants a $40 profit margin per hour of labour and a 20% profit margin on parts. It has budgeted for 7,800 hours of repair time in the coming year and estimates that the total invoice cost of parts and materials in 2022 will be $434,000.

(a)

Calculate the rate charged per hour of labour.

Rate charged

$enter the rate charged in dollars per hour per hour