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
Technicians' wages and benefits	$272,000	-
Parts manager's salary and benefits	-	$39,700
Office employee's salary and benefits	48,000	10,591
Other overhead	24,000	22,878
Total budgeted costs	$344,000	$73,169

The company desires a $39.74 profit margin per hour of labor and a 24% profit margin on parts. It has budgeted for 8,000 hours of repair time in the coming year, and estimates that the total invoice cost of parts and materials in 2014 will be $410,000.

(Round answers to 2 decimal places)

1) Compute the rate charged per hour of labor.

2) Compute the material loading percentage.

3) Pace Corporation has requested an estimate to rebuild its spot welder. Second Chance estimates that it would require 43 hours of labor and $2,300 of parts. Compute the total estimated bill. (Round answer to 2 decimal places)