Second Chance Welding rebuilds spot welders for manufacturers. The following budgeted cost data for 2020 is available for Second Chance. Time Charges $229.100 Material Loading Charges Technicians' wages and benefits Parts manager's salary and benefits Office employee's salary and benefits Other overhead Total budgeted costs $40,500 10,500 55,300 31,600 $316,000 20,400 $71,400 The company desires a $37 profit margin per hour of labor and a 21.00% profit margin on parts. It has budgeted for 7,900 hours of rennir time in the roming year, and estimates that the total invoice cost of parts and materials in 2020 will be $408.000. Your answer is correct. Compute the rate charged per hour of labor. Labor rate $ per hour e Textbook and Media e Textbook Video 1 Video 2 Video 3 Your answer is correct. Compute the material loading percentage. (Round answer to 3 decimal places, eg. 10.501%) Material loading percentage 38.5 % Assistance e Textbook and Media e Textbook Video 1 Video 2 Video 3 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 $