Ayayai's Electronic Repair Shop has budgeted the following time and material for 2022. Ayayai's budgets 6,200 hours of repair time in 2022 and will bill a profit of $10 per labor hour along with a 25% profit markup on the invoice cost of parts. The estimated invoice cost for parts to be used is $124,000. On January 5, 2022, Ayayai's is asked to submit a price estimate to fix a 72 -inch flat-screen TV. Ayayai's estimates that this job will consume 4 hours of labor and $240 in parts. Compute the labor rate for Ayayai's Electronic Repair Shop for the year 2022. (Round answer to O decimal places, e.g. 10.) Labor rate per hour eTextbook and Media Attempts: 0 of 10 used Using multiple attempts will impact your score. 50% score reduction after attempt 5 (b) The parts of this question must be completed in order. This part will be avallable when you complete the part above