(a) Your answer is correct. Calculate the rate charged per hour of labour. (Round answer to 2 decimal places, e.g. 15.25.) SCE has just received a request for a bid from R. J. Builders on outfitting a $1.2-million new home. The company estimates that it would require 77 hours of labour and $57,800.00 in parts. Calculate the total estimated bill. (Round answer to 2 decimal places, e.g. 15.25.) Sheridan's Custom Electronics (SCE) 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: The company has budgeted for 6,240 hours of technician time during the coming year. It wants a $35 profit margin per hour of labour and a 100% profit on parts. It estimates the total invoice cost of parts and materials in 2022 will be $659,000. (b) Your answer is correct. Calculate the material loading percentage. (Round answer to 2 decimal places, e.g. 15.25\%.) Material loading %