Second Chance Welding rebuilds spot welders for manufacturers. The following budgeted cost data for 2020 is available for Second Chance. Time Charges $192,400 Material Loading Charges Technicians' wages and benefits Parts manager's salary and benefits Office employee's salary and benefits Other overhead Total budgeted costs 51,800 14,800 $259,000 $39,600 9,400 19,600 $68,600 The company desires a $39 profit margin per hour of labor and a 27.00% profit margin on parts. It has budgeted for 7,400 hours of repair time in the coming year, ar the total invoice cost of parts and materials in 2020 will be $392,000 Your answer is correct Compute the rate charged per hour of labor. Labor rate 74 per hour Your answer is incorrect. Try again. Compute the material loading percentage. (Round answer to 3 decimal places, e.g. 10.501%.) Material loading percentage 50.49 LINK TO VIDEO LINK TO TENY Your answer is incorrect. Try again Pace Corporation has requested an estimate to rebuild its spot welder. Second Chance estimates that it would require 35 hours of labor and $2,800 of parts. Compute the total estimated bill. (Round answer to 2 decimal places, eg. 10.50.) Total estimated bill 7026