Blossom Remanufacturing rebuilds spot welders for manufacturers. The following budgeted cost data for 2022 are available for Blossom: Time Charges Material Loading Charges Technicians' wages and benefits $175,000 Parts manager's salary and benefits $33,250 Office employee's salary and benefits 35,000 8,750 Other overhead 14.000 17,500 Total budgeted costs $224,000 $59,500 The company wants a $30 profit margin per hour of labour and a 20% profit margin on parts. It has budgeted for 7,000 hours of repair time in the coming year and estimates that the total invoice cost of parts and mate jals in 2022 will be $350,000. Your answer is correct. Calculate the material loading percentage. (Round answer to 3 decimal places, e.g. 15.251%) Material loading percentage 37 % Attempts: 1 of 2 used (c) Crane Corporation has asked for an estimate on rebuilding its spot welder. Blossom estimates that it would require 35 hours of labour and $2,000 in parts. Calculate the total estimated bill. (Round answer to 2 decimal places, e.g. 15.25.) Total estimated bill $