Question 9 Waterways uses time and material pricing when it bids on irrigation projects. Budgeted data for the coming year are as follows. WATERWAYS CORPORATION Budgeted Costs for Irrigation Projects Material Time Loading Charges charges Labor wages (5,500 hours) $237,050 Supervisor's salary $59,000 Clerical and accountant wages 58,850 4,000 Irrigation supplies manager 42,000 Overhead 52,800 19,740 Total $348,700 $124,740 Waterways has budgeted for 5,500 labor hours. It desires a $15 profit margin per hour of labor and 15% profit on materials. It estimates the total invoice cost of materials in the coming year will be $630,000. (b) X Your answer is incorrect. Try again. Compute the material loading charge. (Round answer to 2 decimal places, e.g. 52.75%.) Material loading charge charge 1 232.81 %