1. Compute the material loading percentage. (Round answer to 2 decimal places, e.g. 10.50.)

2. RCE has just received a request for a bid from Buil Builders on a $1,200,000 new home. The company estimates that it would require 80 hours of labor and $40,000 of parts. Compute the total estimated bill.

( Please show how you got the second part)

Rey Custom Electronics (RC) 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 Parts manager's salary and benefits Office employee's salary and benefits Other overhead Total budgeted costs $162,981 $34,900 9,800 47,903 $205,947$ 92,603 29,610 13,356 The company has budgeted for 6,300 hours of technician time during the coming year. It desires a $ 37.21 profit margin per hour of labor and an 80% profit on parts. It estimates the total invoice cost of parts and materials in 2017 will be $ 745,000