Silver Spoon Service repairs commercial food preparation equipment. The following budgeted cost data is available for 2022: Technicians' wages and benefits Parts manager's salary and benefits Office manager's salary and benefits Other overhead Total budgeted costs Time Charges $500,000 112,000 48,000 $660,000 Material Charges $72,000 18,000 135,000 $225,000 Silver Spoon has budgeted for 10,000 hours of technician time during the coming year. It desires a $54 profit margin per hour of labor and a 40% profit margin on parts. Silver Spoon estimates the total invoice cost of parts and materials in 2022 will be $500,000. Instructions: Using the table below, compute the hourly rate charged per hour of labor. Please record the hourly rate in the space provided on the 12L 3. Silver Spoons Service - Hourly Rate, material loading charge, and computing the total estimated bill. Use the following forms to calculate the amount Silver Spoons Service charges as their hourly rate, material loading charge, and total invoice amount for Lime Corporation. Questions # 12 - 14. Rate Charged Per Hour Material Loading Charge Invoice for Lime Corporation