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Current Attempt in Progress Flounder Welding rebuilds spot welders for manufacturers. The following budgeted cost data for 2022 is available for Flounder. The company desires a \$34 profit margin per hour of labor and a 21% 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 2022 will be $384,000. Compute the rate charged per hour of labor. Labor rate per hour Compute the material loading percentage. (Round answer to 3 decimal ploces, e.g. 10.501\%.) Material loading percentage Pace Corporation has requested an estimate to rebuild its spot welder. Flounder estimates that it would require 41 hours of labor and \$2,000 of parts. Compute the total estimated bilL (Round answer to 2 decimal places, e.g. 10.50.) Total estimated bill
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