Attempt in Progress Sunland Painting Service has budgeted the following time and material for 2022: BUDGETED COSTS FOR 2022 Time Charges Material Charges Painters' wages and benefits $41.760 Service manager's salary and benefits $26,680 Office employee's salary and benefits 13,920 3,480 Cost of paint 58,000 Overhead (supplies, utilities, etc.) Total budgeted costs 18.560 9.860 $74,240 $98.020 Sunland budgets 4,000 hours of paint time in 2022 and will charge a profit of $12.00 per hour in addition to a 20% markup on the cost of paint. On February 15,2022. Sunland is asked to prepare a price estimate to paint a small building. Sunland estimates that this job will take 12 labor hours and $580.00 in paint. Compute the labor rate for 2022. (Round answer to 2 decimal places, eg. 52.75.) Labor rate C