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 $213,300 $40.000 Technicians' wages and benefits Parts manager's salary and benefits Office employee's salary and benefits Other overhead Total budgeted costs 55,300 11,510 39,500 20.400 $308.100 $71.910 The company desires a $37 profit margin per hour of labor and a 26,00% 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 $408,000 Pace Corporation has requested an estimate to rebuild its spot welder Second Chance estimates that it would require 42 hours of labor and $3,200 of parts. Compute the total estimated bill. (Round answer to 2 decimal places, eg, 10.50) Total estimated bill $