Riverbed Weldine rebuilds spot welders for manufacturers: The following budgeted cost data for 2022 is available for Riverbed. The company desires a 534 profit margin per bour of labor and a 20% profit margin on parts. It has budgeted for 7,400 hours ot repair time in the corming year, and estimates that the total irvoice cost of parts and materials in 2022 will be 5392,000 . Compute the rate charged per hour of labor. Compute the material loading percentage. (Round answer to 3 decimal ploces, eg 10.501% ) Material loading percentage eTextbook and Media Pace Corporation has requested an estimate to rebuild its spot welder. Riverbed estimates that it would require 43 hours of labor and $2,000 of parts. Compute the total estimated bill. (Round answer to 2 decimal places, e.s. 10.50.) Totalestimated bill