Waterways uses time and material pricing when it bids on irrigation projects. Budgeted data for the coming year are as follows

WATERWAYS CORPORATION Budgeted Costs for Irrigation Projects
		Time Charges		Material Loading Charges
Labor wages (6,100 hours)		$237,900
Supervisors salary				$60,000
Clerical and accountant wages		62,220		3,000
Irrigation supplies manager				42,000
Overhead		54,900		20,050
Total		$355,020		$125,050

Waterways has budgeted for 6,100 labor hours. It desires a $14 profit margin per hour of labor and 16% profit on materials. It estimates the total invoice cost of materials in the coming year will be $610,000.

Compute the rate per hour of labor. (Round answer to 2 decimal places, e.g. 52.75.)

Compute the material loading charge. (Round answer to 2 decimal places, e.g. 52.75%.)