nt CALCULATOR FULL SCREENPRINTE R VERSION BACK NEXT Exercise M-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. Material Loading Charges Charges Time Technicians' wages and benefits Parts manager's salary and benefits Office employee's salary and benefits Other overhead Total budgeted costs $125,642 $34,700 10,800 15,373 37,635 $164,186 $83,135 23,171 desires a $37.44 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 $650,000 Compute the rate charged per hour of labor. (Round answer to 2 decimal places, e.g. 10.50.) Labor rate The company has budgeted for 5,530 hours of technician time during the coming year. It per hour Compute the material loading percentage. (Round answer to 2 decimal places, e.g. 10.50.) Material loading percentage /shared/assignment/test/aglist.uni?id-asnmt1 73941 5#N1 0024 O da t+ 2:56 ugen