Second Chance Welding rebuilds spot welders for manufacturers. The following budgeted cost data for 2020 is available for Second Chance. The company desires a $37 profit margin per hour of labor and a 20.00% profit margin on parts. It has budgeted for 7,900 hours of repair time in the coming year, and estimates that the total irvoice cost of parts and materials in 2020 will be $384,000. Compute the rate charged per hour of labor. Labor rate $ perhour Compute the material foading percentage, (Round anwer to 3 decimol phoces, es. 10s01\%) Material loading percentage Pace Corporation has requested an estimate to rebuild its spot weider. Second Chance estimates that it would require 41 hours of labor and $2,000 of parts. Compute the total estimated bill. (Round onswer to 2 decimol placks, e \& 10.50.) Total estimated bill