Second Chance Welding rebuilds spot welders for manufacturers. The following budgeted cost data for 2017 is available for Second Chance.

			Time Charges			Material Loading Charges
	Technicians' wages and benefits		$229,100				-
	Parts manager's salary and benefits		-				$40,500
	Office employee's salary and benefits		55,300				10,735
	Other overhead		31,600				20,450
	Total budgeted costs		$316,000				$71,685

The company desires a $37.00 profit margin per hour of labor and a 21.00% 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 2017 will be $409,000.

B. Compute the material loading percentage. (Round answer to 3 decimal places, e.g. 10.501.)

C. Pace Corporation has requested an estimate to rebuild its spot welder. Second Chance estimates that it would require 40 hours of labor and $2,000 of parts. Compute the total estimated bill. (Round answer to 2 decimal places, e.g. 10.50.)