Second Chance Welding rebuilds spot welders for manufacturers. The following budgeted cost data for 2020 is available for Second Chance. Time Charges $202,800 Material Loading Charges Technicians' wages and benefits Parts manager's salary and benefits Office employee's salary and benefits Other overhead Total budgeted costs 31,200 23,400 $257,400 $39,300 8,230 23,520 $71,050 The company desires a $30 profit margin per hour of labor and a 23.00% profit margin on parts. It has budgeted for 7,800 hours of repair time in the coming year, and estimates that the total invoice cost of parts and materials in 2020 will be $392,000. (a) Compute the rate charged per hour of labor. Labor rate $ per hour eTextbook and Media Save for Later Attempts: 0 of 3 used Submit