Sheridan Company provides financial consulting and has collected the following data for the next years budgeted activity for a lead consultant.

Consultants wages	$80000
Fringe benefits	$32500
Related overhead	$27500
Supply clerks wages	$17000
Fringe benefits	$4000
Related overhead	$20500
Profit margin per hour	$20
Profit margin on materials	12%
Total estimated consulting hours	5000
Total estimated material costs	$166000

The material loading charge is

49%.

12%.

25%.

37%.