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Please help me #7 Rey Custom Electronics (RCE) sells and installs complete security, computer, audio, and video systems for homes, On newly constructed homes it

Please help me #7
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Rey Custom Electronics (RCE) sells and installs complete security, computer, audio, and video systems for homes, On newly constructed homes it provides bids using time-and-material pricing. The following budgeted cost data are available. The company has budgeted for 6,400 hours of technician time during the coming year. It desires a $39 profit margin per hour of labor and an 80% profit on parts. It estimates the total invoice cost of parts and materials in 2020 will be $744,000. (a) Compute the rate charged per hour of labor, (Round answer to 2 decimal places es. 10.50) Labor rate per hour

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