Second Chance Welding rebuilds spot welders for manufacturers. The following budgeted cost data for 2020 is available for Second Chance. The company desires a 534 profit margin per hour of labor and a 21.00% profit margin on parts. It has budgeted for 7.900 hours of. repaic time in the coming year, and estimates that the total invoice cost of parts and materials in 2020 will be $384.000. Compute the rate charged per hour of labor. Laborrate. $ per hour eTextbook and Media Compute the material loading percentage. (Round answer to 3 decimal ploces, es, 10.501\%.) Material loading percentage. Pace Corporation has requested an estimate to rebulid 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 ploces, eg. 10.50.) Total estimated bill