Question 32 Padong Remanufacturing rebuilds spot welders for manufacturers. The following budgeted cost data for 2020 are available for Padong: Material Loading Charges Time Charges Technicians' wages and benefits $205,240 Parts manager's salary and benefits $49,320 Office employee's salary and benefits 20,550 43,980 Other overhead 14,660 20.550 $263,880 $90,420 Total budgeted costs The company wants a $35 profit margin per hour of labour and a 30% profit margin on parts. It has budgeted for 7,330 hours of repair time in the coming year and estimates that the total invoice cost of parts and materials in 2020 will be $411,000. (a) Calculate the rate charged per hour labour Rate charged $ per hour