E$8\mathrm{.}8($LO $3),$ AP Service Second Chance Welding rebuilds spot welders for manufacturers. The following budgeted cost data for $2020$ is available for Second Chance.

Use time$-$and$-$material pricing to determine bill.

$\backslash$table$[[,$Time Charges,Material Loading Charges$],[$Technicians$\text{'}$ wages and benefits,$$228,000,],[$Parts manager's salary and benefits,$-,$$$42,500],[$Office employee's salary and benefits,$38,000,9,000],[$Other overhead,$15,200,24,000],[$Total budgeted costs,$$281,200,$$$75,500]]$

in $2020$ will be $$400,000.$

Instructions

a$.$ Compute the rate charged per hour of labor.

b$.$ Compute the material loading percentage. $($Round to three decimal places.$)$

c$.$ Pace Corporation has requested an estimate to rebuild its spot welder. Second Chance estimates that it would require $40$ hours of labor and $$2,000$ of parts. Compute the total estimated bill.