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 $244.900 $40,000 71.100 10.960 Parts manager's salary and benefits Office employee's salary and benefits Other overhead Total budgeted costs 7.900 24,960 $323,900 $75.920 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 repair time in the coming year, and estimates that the total invoice cost of parts and materials in 2020 will be $ 416,000, (a) Compute the rate charged per hour of labor. Labor rate $ per hour e Textbook and Media Attempts: 0 of 5 used Submit Answer Save for Later (b) The parts of this question must be completed in order. This part will be available when you complete the part above. (c) The parts of this question must be completed in order. This part will be available when you complete the part above