CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Waterways Continuing Problem 08 Waterways uses time and material pricing when it bids on irrigation projects. Budgeted data for the coming year are as follows. WATERWAYS CORPORATION Budgeted Costs for Irrigation Projects Material Time Loading Charges Charges Labor wages (6,100 hours) $237,900 Supervisor's salary $60,000 Clerical and accountant wages 62,220 3,000 Irrigation supplies manager 42,000 Overhead 54,900 20,050 Total $35.020 $125.050 Waterways has budgeted for 6,100 labor hours. It desires a $14 profit margin per hour of labor and 16 $610,000 profit on materials. It estimates the total invoice cost of materials in the coming year will be Compute the rate per hour of labor. (Round answer to 2 decimal places . 52.75.) per hour CALLATELSEN PINTERNETE Laborrate per hour LINK TO TEXT Compute the material loading charge. (Round answer to 2 decimal places,.. 52.75%) Material loading charge Waterways has received a request for a bid to do a parkway for the city. The irrigation manager estimates that it will take about a month to complete the project and require 500 hours of labor and $81,000 of materials. Compute the total estimated bid for the parkway project. (Round answer to decimal places, g. 5,275.) Total estimated bid for the parkway project LINK TO TEXT