Crane Custom Electronics $($CCE$)$ 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.

Time Charges

Material Loading Charges

$$35,000$

$15\mathrm{.}470$

$2.$ Total par

Total par

Total par

Total par

Technicians wages and benefits

$$142\mathrm{.}800$

Parts manager's salary and benefits

Office employee's salary and benefits

$27,880$

Other overhead

$13\mathrm{.}600$

$43,260$

Now, let's ca

Total esti

Total esti

Total est

So$,$ the tota

$009$

$$93\mathrm{.}730$

Total budgeted costs

$$184,280$

The company has budgeted for $6,800$ hours of technician time during the coming year. It desires a $$39$ profit margin per hour of labor and an $80\%$ profit on parts. It estimates the total invoice cost of parts and materials in $2020$ will be $$721\mathrm{.}000$

Compute the rate charged per hour of labor. $($Round answer to $2$ decimal places, eg$.10\mathrm{.}50.)$

Labor rate