1) Compute the labor rate per hour,

2) Compute the material loading percentage

3) Compute the total estimated bill,

Question 2 Rey Custom Electronics (RCE) sells and installs complete security, computer, audio, and video systems for homes. On newly constructed homes it provides bids using time-and-material pricing. The following budgeted cost data are available. Time Charges Material Loading Charges Technicians' wages and benefits $140,700 Parts manager's salary and benefits Office employee's salary and benefits 30,820 Other overhead 18,760 Total budgeted costs $190,280 $33,200 19,300 45,000 $97,500 The company has budgeted for 6,700 hours of technician time during the coming year. It desires a $39 profit margin per hour of labor and an 80% profit on parts. It estimates the total invoice cost of parts and materials in 2020 will be $750,000