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 Loading Charges Time Charges Technicians' wages and benefits $140,700 Parts manager's salary and benefits Office employee's salary and benefits 30,820 Other overhead 18,760 Total budgeted costs $190,280 $33,200 19,300 45,000 $97,500 The company has budgeted for 6,700 hours of technician time during the coming year. It desires a $39 profit margin per hour of labor and an 80% profiton parts. It estimates the total invoice cost of parts and materials in 2020 will be $750,000 Compute the rate charged per hour of labor. (Round answer to 2 decimal places, s. 10.50.) Labor rate $ per hour eTextbook and Media Compute the rate charged per hour of labor. (Round answer to 2 decimal places, s. 10.50.) Labor rate $ per hour eTextbook and Media Save for Later Attempts:0 of 3 used Submit Answer The parts of this question must be completed in order. This part will be available when you complete the part above. The parts of this question must be completed in order. This part will be available when you complete the part above