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 $132,500 $33,200 Technicians' wages and benefits Parts manager's salary and benefits Office employee's salary and benefits Other overhead Total budgeted costs 22.790 17,620 14,840 43.560 $170,130 $94,380 The company has budgeted for 5,300 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 $726,000. Compute the rate charged per hour of labor. (Round answer to 2 decimal places, eg. 10.50.) Labor rate $ 70 per hour e Textbook and Media Compute the material loading percentage. Material loading percentage % The company has budgeted for 5,300 hours of technician time during the coming year. It desires a $38 proht margin per hour of labor and an 80% profit on parts. It estimates the total involce cost of parts and materials in 2020 will be $726,000 Compute the rate charged per hour of labor. (Round answer to 2 decimal places, es 10.50.) Labor rate $ 70 per hour e Textbook and Media Compute the material loading percentage. Material loading percentage 96 e Textbook and Media RCE has just received a request for a bid from Bull Builders on a $1,200,000 new home. The company estimates that it would require 80 hours of labor and $42,000 of parts. Compute the total estimated bill. Total estimated bill e Textbook and Media