Exercise 21-09 a-c (Video) Marigold Custom Electronics (MCE) sells and installs complete security, computer, audio, and video systems for homes. On newly constructed homes it provides bids using time-and-matenal pricing. The following budgeted cost data are available. Material Time Loading Charges Charges Technicians' wages and benefits $147,200 Parts manager's salary and benefits $33,400 Office employee's salary and benefits 26,880 16,790 Other overhead 16,000 43,020 Total budgeted costs $190,080 $93,210 The company has budgeted for 6,400 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 2020 will be $717,000 x Your answer is incorrect. Try again. Compute the rate charged per hour of labor. (Round answer to 2 decimal places, e.g. 10.50.) X Labor rate per hour LINK TO TEXT VIDEO SIMILAR EXERCISE x Your answer is incorrect. Try again. Compute the matenal loading percentage. Material loading percentage % LINK TO TEXT VIDEO, SIMILAR EXERCISE Your answer is incorrect. Try again. RCE has just received a recost for a bid from the heron.250,000 new home. The company estimates that it would require $43,900 of the total estimated ball Total estimated bill