Second Chance Welding rebuilds spot welders for manufacturers. The following budgeted cost data for 2020 is available for Second Chance. Technicians' wages and benefits Parts manager's salary and benefits Office employee's salary and benefits Other overhead Total budgeted costs (a) Time Charges $268,600 Compute the rate charged per hour of labor. Labor rate 71,100 31,600 $371,300 Material Loading Charges per hour $39,500 The company desires a $33 profit margin per hour of labor and a 20.00% 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. 13,540 29,120 $82,160

Second Chance Welding rebuilds spot welders for manufacturers. The following budgeted cost data for 2020 is available for Second Chance. The company desires a $33 profit margin per hour of labor and a 20.00% 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 Second Chance Welding rebuilds spot welders for manufacturers. The following budgeted cost data for 2020 is available for S econd Chance. The compary desires a $33 profit margin per hour of labor and a 20.00% 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 perhour