Blue Spruce 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. The company has budgeted for 5,125 hours of technician time during the coming year. It desires a $38 profit margin per hour of labo and an 80% profit on parts. It estimates the total invoice cost of parts and materials in 2022 will be $574,000. (a) Compute the rate charged per hour of labor. (Round answer to 2 decimal places, e.g. 10.50.) RCE has just received a request for a bid on a security and home entertainment system from Buil Builders on a $984,000 new home. The company estimates that the job would require 80 hours of labor and $32,800 of parts. Compute the total estimated bill. Total estimated bill