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.

		Time Charges			Material Loading Charges
	Technicians' wages and benefits	$ 157,636			-
	Parts manager's salary and benefits	-			$ 33,100
	Office employee's salary and benefits	24,522			18,420
	Other overhead	11,829			41,069
	Total budgeted costs	$ 193,987			$ 92,589

The company has budgeted for 5,770 hours of technician time during the coming year. It desires a $ 37.24 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 $ 736,000 .

Compute the rate charged per hour of labor. (Round answer to 2 decimal places, e.g. 10.50.)

Compute the material loading percentage. (Round answer to 2 decimal places, e.g. 10.50.)