*Exercise 22-9 Rey 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. Time Charges Material Loading Charges Technicians' wages and benefits 128,372 Parts manager's salary and benefits Office employee's salary and benefits 25,197 Other overhead Total budgeted costs $33,500 17,880 42,058 13,431 $167,000 93,438 The company has budgeted for 5,550 hours of technician time during the coming year. It desires a $ 38.65 profit margin per hour of labor and an 80% profit on parts. It estimates the total invoice cost of parts and materials in 2017 will be $ 734,000 Compute the rate charged per hour of labor. (Round answer to 2 decimal places, e.g. 10.50.) per hour Labor rate $ Compute the material loading percentage. (Round answer to 2 decimal places, e.g. 10.50.) Material loading percentage RCE has just received a request for a bid from Buil Builders on a $ 1,204,000 new home. The company estimates that it would require 76 hours of labor and $ 38,400 of parts. Compute the total estimated bill. (Round answer to 2 decimal places, e.g. 10.50 Total estimated bill Question Attempts: Unlimited