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

Waterways Continuing Problem 08 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 Material Time Loading Charges Charges Labor wages (5,500 hours) $239,250 $59,000 Supervisor's salary Clerical and accountant wages 59,950 3,000 39,000 Irrigation supplies manager 52,250 Overhead 21,850 S351,450 $122,850 Total Waterways has budgeted for 5,500 labor hours. It desires a $15 profit margin per hour of labor and 15% profit on materials. It estimates the total invoice cost of materials in the coming year will be $650,000 Compute the rate per hour of labor. (Round answer to 2 decimal places, e.g. 52.75.) Labor rate per hour LINK TO TEXT Compute the material loading charge. (Round answer to 2 decimal places, e.g. 52.75%.) Material loading charge LINK TO TEXT Waterways has received a request for a bid to do a parkway for the city. The irrigation manager estimates that it will take about a month to complete the project and require 450 hours of labor and $79,000 of materials Compute the total estimated bid for the parkway project. (Round answer to 0 decimal places, e.g. 5,275.) Total estimated bid for the parkway project $ Click if you would like to Show Work for this question: Open Show Work