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. The company has budgeted for 6,400 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 estimates the total invoice cost of parts and materials in 2020 will be $693,000. Compute the rate charged per hour of labor, (Round answer to 2 decimal places, es. 10.50.) Labor rate per hour eTextbook and Media Compute the material loading percentage. Material loading percentage % RCE has just received a request for a bid from Buil Builders on a $1,242,000 new home. The company estimates that it would require 80 hours of labor and $38,200 of parts. Compute the total estimated bil.. Total estimated bill