Sarasota Welding rebuilds spot welders for manufacturers. The following budgeted cost data for 2022 is available for Sarasota. Time Charges Material Loading Charges Technicians' wages and benefits $260,700 Parts manager's salary and benefits $40,300 Office employee's salary and benefits 55,300 10,660 Other overhead 15.800 29,120 Total budgeted costs $331,800 $80,080 The company desires a $38 profit margin per hour of labor and a 24% profit margin on parts. It has budgeted for 7,900 hours of repair time in the coming year, and estimates that the total invoice cost of parts and materials in 2022 will be $416,000. Compute the rate charged per hour of labor. Labor rate $ per hour e Textbook and Media Compute the material loading percentage. (Round answer to 3 decimal places, e.g. 10.501%.) Material loading percentage % e Textbook and Media Pace Corporation has requested an estimate to rebuild its spot welder. Sarasota estimates that it would require 35 hours of labor and $2,000 of parts. Compute the total estimated bill. (Round answer to 2 decimal places, e.g. 10.50.) Total estimated bill $