time-and-material pricing Chuck's Cars restores classic automobiles to showroom status, and the expected parts and materials were $800,000 for 2017. Budgeted data for 2017 are: The company anticipated that the restores would work a total of 5,000 hour of labor this year, and will charge a $20 profit margin per hour of labor and a 15% profit margin on parts and materials. On February 15, 2017, the company is asked to prepare a price estimate to restore a car. Chuck's estimates that this job will take 15 hours of labor and $5,000 in parts and materials. Compute the rate charged per hour of labor. Compute the material loading charge rate. compute a time-and-material price estimate restoring the car