Sunland Remanufacturing rebuilds spot welders for manufacturers. The following budgeted cost data for 2022 are available for Sunland: Time Charges Material Loading Charges Technicians' wages and benefits $228,800 Parts manager's salary and benefits $48,000 Office employee's salary and benefits 57,200 20,000 Other overhead 21,450 24,000 Total budgeted costs $307,450 $92,000 The company wants a $30 profit margin per hour of labour and a 25% profit margin on parts. It has budgeted for 7,150 hours of repair time in the coming year and estimates that the total invoice cost of parts and materials in 2022 will be $400,000. (a) Your answer is correct. Calculate the rate charged per hour of labour. Rate charged $ 93 per hour