Question 10 of 13 0.33/1 = View Policies Show Attempt History Current Attempt in Progress Second Chance Welding rebuilds spot welders for manufacturers. The following budgeted cost data for 2020 is available for Second Chance. Time Charges Material Loading Charges Technicians' wages and benefits $238,000 Parts manager's salary and benefits $39,700 Office employee's salary and benefits 56,000 11,810 Other overhead 14,000 20,400 Total budgeted costs $308,000 $71,910 The company desires a $34 profit margin per hour of labor and a 20.00% profit margin on parts. It has budgeted for 7,000 hours of repair time in the coming year, and estimates that the total invoice cost of parts and materials in 2020 will be $408,000. Your answer is correct. Compute the rate charged per hour of labor. Labor rate $ 78 per hour e Textbook and Media Your answer is incorrect. Compute the material loading percentage. (Round answer to 3 decimal places, e.g. 10.501%.) Material loading percentage % e Textbook and Media Your answer is incorrect. Pace Corporation has requested an estimate to rebuild its spot welder. Second Chance estimates that it would require 40 hours of labor and $2,400 of parts. Compute the total estimated bill. (Round answer to 2 decimal places, e.g. 10.50.) Total estimated bill $ e Textbook and Media