Waterways uses time and material pricing when it bids on irrigation projects. Budgeted data for 2022 are as follows. Waterways has budgeted for 6,100 labor hours. It desires a $15 profit margin per hour of labor and 17% profit on materials. It estimates the total invoice cost of materials in 2022 will be $660,000. laterways has budgeted for 6,100 labor hours. It desires a $15 profit margin per hour of labor and 17% profit on materials It timates the total invoice cost of materials in 2022 will be $660,000 Your answer hasbeen saved. See score details after the due date. Compute the rate per hour of labor. (Round answer to 2 decimal places, e.g. 52.75.) Labor rate $ per hour Attempts: 1 of 1 used Your answer has been saved. See score details after the due date. Compute the material loading charge. (Round answer to 2 decimal places, e8. 5275% ) Material loading charge % eTextbook and Media Attempts: 1 of 1 used (c) Waterways has received a request for a price quotation to do a parkway for the city. The irrigation manager estimates that it will take about a month to complete the project and require 530 hours of labor and $77,000 of materials. Compute the total estimated price quotation for the parkway project. (Round answer to 0 decimal places, eg. 5.275) Total estimated bid for the parkway project $