please answer the following questions: 1. compute the rate charged per hour of labor....
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please answer the following questions: 1. compute the rate charged per hour of labor. 2. compute the material loading percentage 
Current Attempt in Progress 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. Time Charges $165,300 Material Loading Charges Technicians' wages and benefits Parts manager's salary and benefits Office employee's salary and benefits Other overhead Total budgeted costs $33,700 12,290 23,370 13,680 $202,350 39,420 $85,410 The company has budgeted for 5,700 hours of technician time during 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 materials in 2020 will be $657.000
1. compute the rate charged per hour of labor.
2. compute the material loading percentage
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