Benson Remanufacturing rebuilds spot welders for manufacturers. The following budgeted cost data for 2011 is available for Benson.



Time
Charges


Material Loading Charges
Technicians' wages and benefits $212,700 -
Parts manager's salary and benefits - $39,100
Office employee's salary and benefits 56,720 11,846
Other overhead 14,180 26,460
Total budgeted costs $283,600 $77,406


The company desires a $38.86 profit margin per hour of labor and a 27.00% profit margin on parts. It has budgeted for 7,090 hours of repair time in the coming year, and estimates that the total invoice cost of parts and materials in 2011 will be $420,000.

Compute the rate charged per hour of labor.

Compute the material loading percentage.

Sharrer Corporation has requested an estimate to rebuild its spot welder. Benson estimates that it would require 44 hours of labor and $3,000.00 of parts. Compute the total estimated bill. (Round answer to 2 decimal places, e.g. 10.50. Use the rounded amounts from the previous questions when calculating the answer for this question.)