Question 4 of 5 < > View Policies Current Attempt in Progress Second Chance Weiding rebuilds spot welders for manufacturers. The following budgeted cost data for 2020 is available for S Chance Material Time Loading Charges Charges Technicians' wages and benefits $268,600 Parts manager's salary and benefits $39,500 Office employee's salary and benefits 71,100 13,540 Other overhead 31,600 29.120 Total budgeted costs $371,300 582,160 The company desires a $33 profit margin per hour of labor and a 20.00% 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. (a) Compute the rate charged per hour of labor + Labor rate C " + per hour B % 5 g 55 4 6 &7 R T Y U EL F G H B PU + 8 PIO 614 C 10 J K L 944 Prisc Insert P = + 11 P