Swifty Welding rebuilds spot welders for manufacturers. The following budgeted cost data for 2022 is available for Swifty: The company desires a $37 profit margin per hour of labor and a 26% profit margin on parts. It has budgeted for 7,900 hours of repair time in the coming year, and estimates that the total invoice cost of parts and materials in 2022 will be $408,000. (a) Compute the rate charged per hour of labor: Labor rate per hour The parts of this question must be completed in order. This part will be available when you complete the part above. (c) The parts of this question must be completed in order. This part will be available when you complete the part above