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 $260,700 Parts manager's salary and benefits $40,300 Office employee's salary and benefits 55,300 10,660 Other overhead 15,800 29,120 Total budgeted costs $331.800 $80,080 The company desires a $38 profit margin per hour of labor and a 24.00% 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. Your answer is correct. Compute the rate charged per hour of labor. Labor rate $ 80 per hour e Textbook and Media Your answer is incorrect. Compute the material loading percentage. (Round answer to 3 decimal places, e.g. 10.501%.) Material loading percentage 19 % e Textbook and Media X Your answer is incorrect. Pace Corporation has requested an estimate to rebuild its spot welder. Second Chance estimates that it would require 35 hours of labor and $2,400 of parts. Compute the total estimated bill. (Round answer to 2 decimal places, e.g. 10.50.) Total estimated bill $