PLEASE ANSWER BOTH QUESTIONS, HAVING A HARD TIME. THANK YOU!!

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Exercise M-90 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. Materia Time Loading Charges Charges Technicians' wages and benefits $145,292 Parts manager's salary and benefits $34,100 office employee's salary and benefits 27,562 6,160 15,563 41,401 Other overhead $188,417 $81,661 Total budgeted costs The company has budgeted for 5,940 hours of technician time during the coming yea It desires a $38.88 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 $671,000. 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. (Round answer to 2 decimal places, e.g. 10.50.) Material loading percentage