Second Chance Welding rebuilds spot welders for manufacturers. The following budgeted cost data for 2020 is available for Second Chance. Time Charges $ 238,000 Material Loading Charges $ 39,700 Technicians wages and benehts Parts manager's salary and benefits Office employee's salary and benefits Other overhead Total budgeted costs 11,810 56,000 14,000 $ 308,000 20,400 $ 71.910 The company desires a $ 34 profit margin per hour of labor and a 20.00% profit margin on parts. It has budgeted for 7,000 hours repair time in the coming year, and estimates that the total involce cost of parts and materials in 2020 will be $ 408,000 Compute the rate charged per hour of lobor Labor rate $ per hour 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 40 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 $