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	$ 140,194			-
	Parts manager's salary and benefits	-			$ 33,200
	Office employee's salary and benefits	23,282			12,440
	Other overhead	14,081			37,686
	Total budgeted costs	$ 177,557			$ 83,326

The company has budgeted for 5,610 hours of technician time during the coming year. It desires a $ 37.01 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 $ 652,000 .

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.)

RCE has just received a request for a bid from Buil Builders on a $ 1,215,000 new home. The company estimates that it would require 75 hours of labor and $ 39,400 of parts. Compute the total estimated bill. (Round answer to 2 decimal places, e.g. 10.50.)