what is the material loading percentage??

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. Material Loading Charges JS Support Time Charges Technicians' wages and benefits $140,700 Parts manager's salary and benefits Offce employee's salary and benefits 30,820 Other overhead 18,760 Total budgeted costs $190,280 $33,200 19,300 45,000 $97.500 The company has budgeted for 6,700 hours of technician time duriog the coming year. It desires a $39 profit margin per hour of labor and an 80% profit on parts. It estimates the total invoice cost of parts and haterials in 2020 will be $750,000 Your answer is correct Compute the rate charged per hour of labor. (Round answer to 2 decimal places, s. 10.50) Laborrate $ 70 per hour X Your answer is incorrect. Compute the material loading percentage. Material loading percentage 67.40 eTextbook and Media Save for Later Attempts: 1 of 3 used Submit