Exercise 21-09 a-c (Video) Sheffield Custom Electronics (SCE) 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. Material Loading Charges Time Charges Technicians' wages and benefits $147,500 Parts manager's salary and benefits - Office employee's salary and benefits 26,550 Other overhead 12,390 Total budgeted costs $186,440 $33,800 13.450 40,500 $87,750 The company has budgeted for 5,900 hours of technician time during the coming year. It desires a $37 profit margin per hour of labor and an 80% profit on parts. It estimates the total involce cost of parts and materials in 2020 will be $625.000 Compute the rate charged per hour of labor. (Round answer to 2 decimal places, e.g. 10.50.) Labor rate per hour Compute the material loading percentage Material loading percentage LINK TO TEXT VIDEO SIMILAR EXERCISE RCE has just received a request for a bid from Buil Builders on a $1,206,000 new home. The company estimates that it would require 80 hours of labor and $39,900 of parts. Compute the total estimated bill Total estimated