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 $266,000 Parts manager's salary and benefits $40,000 Office employee's salary and benefits 45,600 10,500 Other overhead 22,800 28,000 Total budgeted costs $334,400 $78,500 The company desires a $35 profit margin per hour of labor and a 26.00% profit margin on parts. It has budgeted for 7,600 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. Compute the rate charged per hour of labor. Labor rate $ per hour e Textbook and Media Compute the material loading percentage. (Round answer to 3 decimal places, eg. 10.501%.) Material loading percentage % e Textbook and Media Pace Corporation has requested an estimate to rebuild its spot welder. Second Chance estimates that it would require 41 hours of labor and $2,400 of parts. Compute the total estimated bill. (Round answer to 2 decimal places, eg. 10.50.) Total estimated bill $ e Textbook and Media Save for Later Attempts: 0 of 3 used Submit