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$)$

Calculate the rate charged per hour of labour.

Rate charged

per hour