Rey Custom Electronics (RCE) 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. Time Charges Material Loading Charges Technicians' wages and benefits $161,238 - Parts manager's salary and benefits - $33,100 Office employee's salary and benefits 33,504 7,760 Other overhead 15,496 39,362 Total budgeted costs $210,238 $80,222 The company has budgeted for 6,980 hours of technician time during the coming year. It desires a $38.55 profit margin per hour of labor and an 80% profit on parts. It estimates the total invoice cost of parts and materials in 2017 will be $681,000. Compute the rate charged per hour of labor. (Round answer to 2 decimal places, e.g. 10.50.) Labor rate $ per hour LINK TO TEXT Compute the material loading percentage. (Round answer to 2 decimal places, e.g. 10.50.) Material loading percentage % LINK TO TEXT RCE has just received a request for a bid from Buil Builders on a $1,172,000 new home. The company estimates that it would require 82 hours of labor and $41,200 of parts. Compute the total estimated bill. (Round answer to 2 decimal places, e.g. 10.50.) Total estimated bill $