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. Material Time Loading Charges Charges Technicians' wages and benefits $156,600 Parts manager's salary and benefits $33,100 Office employee's salary and benefits 24,360 18,420 Other overhead 12,180 44,160 Total budgeted costs $193,140 $95,680 The company has budgeted for 5,800 hours of technician time during the coming year. It desires a $37 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 $736,000. Compute the rate charged per hour of labor. (Round answer to 2 decimal places, e.g. 10.50.) Labor rate $ per hour eTextbook and Media Compute the material loading percentage. Material loading percentage % e Textbook and Media RCE has just received a request for a bid from Builduilders on a $1,224,000 new home. The company estimates that it would require 80 hours of labor and $36,200 of parts. Compute the total estimated bill. Total estimated bill $ eTextbook and Media