Swifty Welding rebuilds spot welders for manufacturers. The following budgeted cost data for 2020 is available for Swifty. Time Charges Material Loading Charges $260.700 $40,300 Technicians' wages and benefits Parts manager's salary and benefits Office employee's salary and benefits Other overhead Total budgeted costs 55,300 10,660 15,800 29,120 $331,800 $80,080 The company desires a $38 profit margin per hour of labor and a 24.00% 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 2020 will be $416,000 Compute the rate charged per hour of labor. Labor rates per hour e Textbook and Media Compute the rate charged per hour of labor. Labor rate $ per hour e Textbook and Media Compute the material loading percentage. (Round answer to 3 decimal places, eg. 10.501%) Material loading percentage % e Textbook and Media Marigold Corporation has requested an estimate to rebuild its spot welder. Swifty estimates that it would require 35 hours of labor and $2.400 of parts. Compute the total estimated bill (Round answer to 2 decimal places, eg. 10.50.) Total estimated bill $