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Sunland Spoon Service repairs commercial food preparation equipment. The following budgeted cost data is available for 2022: Time Charges Material Charges Technicians' wages and

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Sunland Spoon Service repairs commercial food preparation equipment. The following budgeted cost data is available for 2022: Time Charges Material Charges Technicians' wages and benefits $580,000 Parts manager's salary and benefits $83,520 Office manager's salary and benefits 129,920 20,880 Other overhead 55,680 156,600 Total budgeted costs $765,600 $261,000 Sunland Spoon has budgeted for 11,600 hours of technician time during the coming year. It desires a $61.00 profit margin per hour of labor and a 40% profit margin on parts. Sunland Spoon estimates the total invoice cost of parts and materials in 2022 will be $580,000. Compute the rate charged per hour of labor. Rate charged per hour of labor Compute the material loading charge. Material loading charge

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