View Policies Current Attempt in Progress Second Chance Welding rebuilds spot welders for manufacturers. The following budgeted cost data for 2020 is available for Second Chance. Time Charges Material Loading Charges $268,600 Technicians' wages and benefits Parts manager's salary and benefits Office employee's salary and benefits Other overhead Total budgeted costs 71,100 31,600 $371,300 $39.500 13,540 29.120 $82,160 The company desires a $33 profit margin per hour of labor and a 20.00% profit margin on parts. It has budgeted for 7,900 hours of repair time in the coming year, and estimates that the total invoice cost of parts and materials in 2020 will be $416,000. (a) Compute the rate charged per hour of labor. Labor rates per hour e Textbook and Media Attempts: 0 of 2 used