Question: Please help me #7 Rey Custom Electronics (RCE) sells and installs complete security, computer, audio, and video systems for homes, On newly constructed homes it

Please help me #7
Please help me #7 Rey Custom Electronics (RCE) sells and installs complete

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. The company has budgeted for 6,400 hours of technician time during the coming year. It desires a $39 profit margin per hour of labor and an 80% profit on parts. It estimates the total invoice cost of parts and materials in 2020 will be $744,000. (a) Compute the rate charged per hour of labor, (Round answer to 2 decimal places es. 10.50) Labor rate per hour

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