Second Chance Welding rebuilds spot welders for manufacturers. The following budgeted cost data for 2020 is available for Second Chance. The company desires a $35 profit margin per hour of labor and a 26.008 profit margin on parts. It has budgeted for 7,300 hours of repair time in the coming year, and estimates that the total invoice cost of parts and materials in 2020 will be $416,000. (a) Compute the rate charged per hour of labor: Compute the rate charged per hour of labor. Labocrate perhour (b) Your answer iscorrect. Compute the material loading percentage (Round answer to 3 decimal ploces, es. 10.5018) Material loading percentage % (C) Pace Corporation has requested an estimate to rebuild its spot welder. Second Chance estimates that it would require 39 hours of Iabor and $2,800 of parts, Compute the totat estimated bill. (Round answer to 2 decimol ploces. es. 10.50.) Total estimated bill