Sunland 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.

		Time Charges			Material Loading Charges
	Technicians' wages and benefits	$166,400			-
	Parts manager's salary and benefits	-			$34,800
	Office employee's salary and benefits	26,880			17,280
	Other overhead	17,280			44,640
	Total budgeted costs	$210,560			$96,720

The company has budgeted for 6,400 hours of technician time during the coming year. It desires a $39 profit margin per hour of labor and an 80% profit on parts. It estimates the total invoice cost of parts and materials in 2020 will be $744,000.

Compute the rate charged per hour of labor. (Round answer to 2 decimal places, e.g. 10.50.)

Labor rate

$

per hour

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Compute the material loading percentage.

Material loading percentage

%

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RCE has just received a request for a bid from Buil Builders on a $1,247,000 new home. The company estimates that it would require 80 hours of labor and $35,500 of parts. Compute the total estimated bill.

Total estimated bill

$