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Sheridan's Custom Electronics ( SCE ) sells and installs complete security, computer, audio, and video systems for homes. On newly constructed homes, it provides bids

Sheridan's Custom Electronics (SCE) sells and installs complete security, computer, audio, and video systems for homes. On newly constructed homes, it provides bids using time-and-material pricing. The following budgeted cost data are available:
\table[[,Time Charges,\table[[Material Loading],[Charges]]],[Technicians' wages and benefits,$129,950,],[Parts manager's salary and benefits,,$30,926
Calculate the material loading percentage.
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