accouting question:

Question 17 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. Material Loading Charges Time Charges Technicians' wages and benefits $ 133,653 Parts manager's salary and benefits Office employee's salary and benefits 23,045 Other overhead 15,133 Total budgeted costs $ 171,831 $ 33,200 17,620 43,633 $ 94,453 The company has budgeted for 5,310 hours of technician time during the coming year. It desires a $ 38.24 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 $ 726,000 . Compute the rate charged per hour of labor. (Round answer to 2 decimal places, e.g. 10.50.) Labor rate per hour Compute the material loading percentage. (Round answer to 2 decimal places, e.g. 10.50.) Material loading percentage 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 $ 42,000 of parts. Compute the total estimated bill. (Round answer to 2 decimal places, e.g. 10.50.) Total estimated bill