Second Chance Welding rebuilds spot welders for manufacturers. The following budgeted cost data for 2014 is available for Second Chance.

	Time Charges	Material Loading Charges
Technician's wages and benefits	$197,960	-
Parts manager's salary and benefits	-	$39,540
Office employee's salary and benefits	35,350	8,999
Other Overhead	21,210	20,046
Total Budgeted Costs	$254,520	$68,585

The company desires a $37.37 profit margin per hour of labor and a 20% profit margin on parts. It has budgeted for 7,070 hours of repair time in the coming year, and estimates that the total invoice cost of parts and materials in 2014 will be $390,000.

(a) compute the rate charge per hour of labor

(b) compute the material loading percentage