Silver Spoon Service repairs commercial food preparation equipment. Thhe following budgeled cost data is avalable for 2018: Time $500,000 112,000 Materiai Charmes Technicians' wages and benetits Parts managers salary and benefits Office manager's salary and benelits Other overhead Total budgeted costs 72.000 18,000 Silver Spoon has budgeted for 10,000 hours of technician time during the coming year. t desires a S64 profit margin per hour of labor anda 50% profit margin on parts. Siver Spon est maas te total invoice cost of parts and materials in 2018 will be $500,000 Instructions 1. Compute the rate charged per hour of labor. 2. Compute the material loading charge. 3. Silver Spoon has received a request from Lime Corporation for an estimate to repair a commercial fryer. The comparny estimates that it would take 20 hours of labor and $8,000 of parts. Compute the total estimated bin