Swifty 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 $183,000 Parts manager's salary and benefits $41,480 Office employee's salary and benefits 30,500 18,300 Other overhead 15,250 51,240 Total budgeted costs $228,750 $111,020 The company has budgeted for 7,625 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 2022 will be $854,000. (a)