Grouper Welding rebuilds spot welders for manufacturers. The following budgeted cost data for 2022 is available...

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Grouper Welding rebuilds spot welders for manufacturers. The following budgeted cost data for 2022 is available for Grouper. Material Time Loading Charges Charges Technicians' wages and benefits $238,000 Parts manager's salary and benefits $39,700 Office employee's salary and benefits 56,000 11,810) Other overhead 14,000 20,400 Total budgeted costs $308,000 $71,910 The company desires a $34 profit margin per hour of labor and a 20% profit margin on parts. It has budgeted for 7,000 hours of repair time in the coming year, and estimates that the total invoice cost of parts and materials in 2022 will be $408,000. (b) Your answer is correct. Compute the rate charged per hour of labor. Labor rate $ 78 per hour eTextbook and Media Using multiple attempts will impact your score. 50% score reduction after attempt 5 Your answer is correct. Compute the material loading percentage. (Round answer to 3 decimal places, e.g. 10.501%.) Material loading percentage 37.625 % Attempts: 1 of 10 used Pace Corporation has requested an estimate to rebuild its spot welder. Grouper estimates that it would require 40 hours of la and $2,000 of parts. Compute the total estimated bill. (Round answer to 2 decimal places, e.g. 10.50.) Total estimated bill Grouper Welding rebuilds spot welders for manufacturers. The following budgeted cost data for 2022 is available for Grouper. Material Time Loading Charges Charges Technicians' wages and benefits $238,000 Parts manager's salary and benefits $39,700 Office employee's salary and benefits 56,000 11,810) Other overhead 14,000 20,400 Total budgeted costs $308,000 $71,910 The company desires a $34 profit margin per hour of labor and a 20% profit margin on parts. It has budgeted for 7,000 hours of repair time in the coming year, and estimates that the total invoice cost of parts and materials in 2022 will be $408,000. (b) Your answer is correct. Compute the rate charged per hour of labor. Labor rate $ 78 per hour eTextbook and Media Using multiple attempts will impact your score. 50% score reduction after attempt 5 Your answer is correct. Compute the material loading percentage. (Round answer to 3 decimal places, e.g. 10.501%.) Material loading percentage 37.625 % Attempts: 1 of 10 used Pace Corporation has requested an estimate to rebuild its spot welder. Grouper estimates that it would require 40 hours of la and $2,000 of parts. Compute the total estimated bill. (Round answer to 2 decimal places, e.g. 10.50.) Total estimated bill