Concord Custom Electronics (CCE) 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 Material Loading Charges Technicians' wages and benefits $132,600 - Parts manager's salary and benefits - $33,100 Office employee's salary and benefits 25,500 18,840 Other overhead 13,770 44,520 Total budgeted costs $171,870 $96,460 The company has budgeted for 5,100 hours of technician time during the coming year. It desires a $38 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 $742,000. (a) Compute the rate charged per hour of labor. (Round answer to 2 decimal places, e. g. 10.50.) Labor rate $ per hour eTextbook and Media Attempts: unlimited (b) The parts of this question must be completed in order. This part will be available when you complete the part above. (c) The parts of this question must be completed in order. This part will be available when you complete the part above.