Culver 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 $7,250$ hours of technician time during the coming year. It desires a $$38$ profit margin per hour of labor

and an $80\%$ profit on parts. It estimates the total invoice cost of parts and materials in $2022$ will be $$812,000.$

Answer these parts:

$($a$)$ Compute the rate charged per hour of labor

$($b$)$Compute material loading percentage

$($c$)$Prepare a time$-$and$-$ material price quotation