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 5166,400 Parts manager's salary and benefits $34 800 Office employee's salary and benefits 26,880 17.280 Other overhead 17.280 44.640 Total budgeted costs $210.560 $96,720 The company has budgeted for 6400 hours of technician time during the coming year. It desires a 539 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 $744,000 (a) Your answer is correct Compute the rate charged per hour of labor. Round answer to 2 decind placess. 1050 Laborrate $ 719 per hour e Textbook and Media Attempts: 1 of 3 used (b) X Your answer is incorrect Compute the material loading percentage Material loading perontage Texthora