Second Chance Welding rebuilds spot welders for manufacturers. The following budgeted cost data for 2020 is available for Second Chance. Technicians' wages and benefits Parts manager's salary and benefits Office employee's salary and benefits Other overhead Total budgeted costs. Time Charges $237,000 71,100 39,500 $347,600 Material: Loading Charges $39,100 8,900 19,200 $67,200 The company desires a $34 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 2020 will be $384.000. Your answer is correct. Compute the rate charged per hour of labor. Labor rate $ eTextbook and Media x Your answer is incorrect. 78 Material loading percentage per hour Compute the material loading percentage. (Round answer to 3 decimal places, eg. 10.501%) 21.175 % eTextbook and Media * Your answer is incorrect. Pace Corporation has requested an estimate to rebuild its spot welder. Second Chance estimates that it would require 41 hours of labor and $3,200 of parts. Compute the total estimated bill. (Round answer to 2 decimal places, eg. 10.50.) Total estimated bill e Textbook and Media 7629.96 Attempts: 3 of 5 used Submit Answer