Q$.2$ Pasadena 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 $6,000$ hours of technician time during the coming year. It

desires a $$30$ profit margin per hour of labor and a $80\%$ profit on parts. It estimates the

total invoice cost of parts and materials in $2025$ will be $$620,000.$

$$ Required $>$

Compute the rate charged per hour of labor. $($Round to two decimal places.$)$

Compute the material loading percentage. $($Round to two decimal places.$)$

Pasadena has just received a request for a bid from Brock Casey on a $$1,200,000$ new

home. The company estimates that it would require $80$ hours of labor and $$40,000$ of

parts. Compute the total estimated bill.