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, 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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