Question \#5 Fred Burgess Diesel Service, Inc. repairs commercial diesel generators used to power heavy equipment and locomotive motors for the BNSF Railway. The following budgeted cost data is available for 2021 : The company has budgeted for 7,200 hours of technician time during the coming year. It desires a $90 profit margin per hour of labor and a 45% profit margin on parts. It is estimated the total invoice cost of parts and materials in 2021 will be $1,200,000. Required: 1. Compute the rate charged per hour of labor. 2. Compute the material loading charge. 3. Fred has received a request from BNSF Railway for an estimate to repair a diesel generator for their Roseville Locomotive \#459. Fred estimates that it would take 36 hours of labor and $20,600 of parts. Compute the total estimated bill