solve c)

Calculate the rate charged per hour of labour. Rate charged per hour eTextbook and Media (b) Calculate the material loading percentage. (Round answer to 3 decimal places, eg. 15.251\%) Pharoah Remanufacturing rebulids spot welders for manufacturers. The following budgeted cost data for 2022 are available for Pharoah: The compary wants a $35 profit margin per hour of labour and a 25% profit margin on parts. It has budgeted for 7,350 hours of repair time in the coming year and estimates that the total invoice cost of parts and materials in 2022 will be $358,000. Sheridan Corporation has asked for an estimate on rebuilding its spot welder. Pharoah estimates that it would require 35 hours of labour and $2,000 in parts. Calculate the total estimated bill. (Round answer to 2 decimal places, eg. 15.25)