ALCULATOR MESSAGEMYINSTRUCTOR FULL SCREEN -RNTER VERSIONI,DAC Exercise 8-9 (Part Level Submission) 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 priding. The following budgeted cost data are available. Material Loading Time Charges Charges Technidans' wages and benefits $132,804 Parts manager's salary and benefits Office employee's salary and benefits 23,380 11,000 Other overhead Total budgeted costs $34,000 15.401 48,675 $171,585 $93,675 The company has budgeted for 5,580 hours of technidan time during the coming year. It desires a $38.86 pr estimates the total invoice cost of parts and materials in 2017 will be $750,000. rofit margin per hour of labor and an 80% profit on parts. It (a) Compute therate charped per hour of labor. (Round answer to 2 decimal ploces a 10.50) Labor rate per hour