Sheffield Custom Electronics (SCE) 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 Time Charges Charges Technicians' wages and benefits $147,500 Parts manager's salary and benefits . $33,800 Office employee's salary and benefits 26,550 13,450 Other overhead 12,390 40,500 Total budgeted costs $186,440 $87,750 The company has budgeted for 5,900 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 $675,000. Compute the rate charged per hour of labor. (Round answer to 2 decimal places, e.g. 10.50.) Labor rate per hour $ Compute the material loading percentage. Material loading percentage 96 LINK TO TEXT VIDEO: SIMILAR EXERCISE RCE has just received a request for a bid from Buil Builders on a $1,206,000 new home. The company estimates that it would require 80 hours of labor and $39,900 of parts. Compute the total estimated bill. Total estimated bill