Rey Custom Electronics CRCE) 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 Time Loading Charges Charges Technicians' wages and benefits $140,200 Parts manager's salary and benefits $34,500 ofice employee's salary and benefits 26,220 3.520 Other overhead 14,250 43,020 Total budgeted costs $188,670 $86,040 The company has budgeted for 5,700 hours of technician time during the coming year. It desires a $38 profit margin per hour of labor and profiten perts. It estimates the total Invoice cost of parts and materials in 2020 will be $217,000 ady Compute the rate charged per hour of labor. (Round answer to 2 decimal places ag, 10.80) Laborrate per hour Compute the material loading percentage Material Soading percentage RCE has just received a request for a bid from Bull Builders on a $1.246,000 new home. The company estimates that it would require hours of labor and $39,100 of parts. Como te the total estimated bil Total estimated bil $ ory and benefits Orice employee's salary and benefits 26,220 Other overhead 14,250 Total budgeted costs $188,670 $34,500 8,520 43,020 $86,040 The company has budgeted for 5,700 hours of technician time during the coming year. It desires a $38 profit margin per hour of labor and an 80% profit on parts it estimate the to Invoice cost of parts and materials in 2020 will be $217,000. Compute the rate charged per hour of tabor. (Round answer to 2 decimal places, e... 10.50.) Labor rate $ per hour Compute the material loading percentage. Material loading percentage RCE has just received a request for a bid from Bull Builders on a $1,246,000 new home. The company estimates that it would require 10 hours of labor and $39.100 perts Complete total estimated buil. Total estimated bil Il lil to Show Work for this question: Open Show Work