Question 12 of 15 View Policies Current Attempt in Progress L -/1 E: Crane's Custom Electronics (CCE) 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: Material Loading Charges Time Charges Technicians' wages and benefits $161,190 Parts manager's salary and benefits $31,860 Office employee's salary and benefits 24,477 13,452 Other overhead 11,940 42,480 Total budgeted costs $197,607 $87,792 The company has budgeted for 5,970 hours of technician time during the coming year. It wants a $41 profit margin per hour of labour and a 100% profit on parts. It estimates the total invoice cost of parts and materials in 2022 will be $708,000. (a) Calculate the rate charged per hour of labour. (Round answer to 2 decimal places, e.g. 15.25.) s S