please answer b

The company wants a $35 profit margin per hour of labour and a 30% profit margin on parts. It has budgeted for 7,630 hours of repair time in the coming year and estimates that the total invoice cost of parts and materials in 2022 will be $360,000. (a) Your answer is correct. Calculate the rate charged per hour of labour. Rate charged $ eTextbook and Media Attempts: 1 of 2 used (b) Calculate the material loading percentage. (Round answer to 3 decimal places, eg. 15.251\%.)