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. Material Time Loading Charges Charges Technicians' wages and benefits $128,800 Parts manager's salary and benefits $33,500 Office employee's salary and benefits 25,200 17,880 Other overhead 13,440 44,040 Total budgeted costs $167,440 $95,420 The company has budgeted for 5,600 hours of technician time during the coming year. It desires a $39 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 $734,000.Compute the rate charged per hour of labor. (Round answer to 2 decimal places, e.g. 10.50.) Labor rate LA per hour e Textbook and MediaCompute the material loading percentage. Material loading percentage % e Textbook and Media RCE has just received a request for a bid from Builduilders on a $1,204,000 new home. The company estimates that it would require 80 hours of labor and $38,400 of parts. Compute the total estimated bill. Total estimated bill e Textbook and Media