Question 10 of 12 < > View Policies -/6 Current Attempt in Progress Second Chance Welding rebuilds spot welders for manufacturers. The following budgeted cost data for 2020 is available for Second Chance. Material Time Loading Charges Charges Technicians' wages and benefits $244,900 Parts manager's salary and benefits $40,000 Office employee's salary and benefits 71,100 10.960 Other overhead 7,900 24,960 Total budgeted costs $323,900 $75.920 The company desires a $37 profit margin per hour of labor and a 21.00% profit margin on parts. It has budgeted for 7,900 hours of repair time in the coming year, and estimates that the total invoice cost of parts and materials in 2020 will be $416,000.