Wildhorse Remanufacturing rebuilds spot welders for manufacturers. The following budgeted cost data for $2022$ are

available for Wildhorse:

The company wants a $$40$ profit margin per hour of labour and a $20\%$ profit margin on parts. It has budgeted for $7,120$

hours of repair time in the coming year and estimates that the total invoice cost of parts and materials in $2022$ will be

$$366,000.$

$($a$)$

Your answer is correct.

Calculate the rate charged per hour of labour.

Rate charged

per hour

eTextbook and Media

Attempts: $1$ of $2$ used

$($b$)$

Calculate the material loading percentage. $($Round answer to $3$ decimal places, e$.$g$.15\mathrm{.}251\%.)$

Material loading percentage

$\%$