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Second Chance Welding rebuilds spot welders for manufacturers. The following budgeted cost data for 2020 is available for Second Chance Time Material Loading Charges

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Second Chance Welding rebuilds spot welders for manufacturers. The following budgeted cost data for 2020 is available for Second Chance Time Material Loading Charges Charges Technicians' wages and benefits $192,400 Parts manager's salary and benefies $40,600 Office employee's salary and benefits 44,400 7.910 Other overhead 29.600 27,440 Total budgeted costs 1266,400 $75.950 The company desires a $34 profit margin per hour of labor and a 20.00% profit margin on parts. It has budgeted for 7,400 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 Compute the rate charged per hour of labor $ per hour eTextbook and Media D Coroute the material loading percentage (Round awer to 3 decimal places, eg 10.501K) Material loading percentage eTextbook and Media

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