A.) Compute the material loading percentage

B.) Pace Corporation has requested an estimate to rebuild its spot welder. Second Chance estimates that it would require 44 hours of labor and $2,400 of parts. Compute the total estimated bill.

Exercise 22-8 (Part Level Submission) Second Chance Welding rebuilds spot welders for manufacturers. The following budgeted cost data for 2017 is available for Second Chance Time Charges $198,800 Material Loading Charges Technicians' wages and benefits Parts manager's salary and benefits Office employee's salary and benefits Other overhead Total budgeted costs $39,800 9,300 27,720 $76,820 56,800 7,100 $262,700 The company desires a $35.00 profit margin per hour of labor and a 23.00% profit margin on parts. It has budgeted for 7,100 hours of repair time in the coming year, and estimates that the total invoice cost of parts and materials in 2017 will be $396,000 (a) Your answer is correct. Compute the rate charged per hour of labor. (Round answer to 2 decimal places, e.g. 10.50.) Labor rate 72 per hour