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

			Time Charges			Material Loading Charges
	Technicians' wages and benefits		$198,800				-
	Parts manager's salary and benefits		-				$39,800
	Office employee's salary and benefits		56,800				9,700
	Other overhead		7,100				28,000
	Total budgeted costs		$262,700				$77,500

The company desires a $35 profit margin per hour of labor and a 23.00% profit margin on parts. It has budgeted for 7,100 hours of repair time in the coming year, and estimates that the total invoice cost of parts and materials in 2020 will be $400,000.

(a)

Compute the rate charged per hour of labor.

Labor rate

per hour