Sunland 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 Time Loading Charges Charges Technicians' wages and benefits $151,800 Parts manager's salary and benefits $34,700 Office employee's salary and benefits 27,720 4,780 Other overhead 15,840 39,480 Total budgeted costs $195,360 $78,960 The company has budgeted for 6,600 hours of technician time during the coming year. It desires a $38 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 $658,000. Compute the rate charged per hour of labor. (Round answer to 2 decimal places, e.g. 10.50.) Labor rate per hour LINK TO TEXT VIDEO: SIMILAR EXERCISE Compute the material loading percentage. Material loading percentage % LINK TO TEXT VIDEO: SIMILAR EXERCISE RCE has just received a request for a bid from Bull Builders on a $1,162,000 new home. The company estimates that it would require 80 hours of labor and $44,300 of parts. Compute the total estimated bill. Total estimated bill