Question: Cullumber's 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

 Cullumber's Custom Electronics (CCE) sells and installs complete security, computer, audio,

Cullumber's 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: The company has budgeted for 6,080 hours of technician time during the coming year. It wants a $41 profit margin per hour of labour and a 100% profit on parts. It estimates the total invoice cost of parts and materials in 2022 will be $668,000. (a) Calculate the rate charged per hour of labour. (Round answer to 2 decimal places, e.g. 15.25.) Rate charged $ per hour eTextbook and Media Attempts: 3 of 3 used (b) Calculate the material loading percentage. (Round answer to 2 decimal places, e.g. 15.25\%) Material loading % eTextbook and Media

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