BACK Problem 8-3A (Part Level Submission) Sutton's Electronic Repair Shop has budgeted the following time and material for 2017 SUTTON'S ELECTRONIC REPAIR SHOP Budgeted Costs for the Year 2017 Time ChargesMaterial Loadino Charges Shop employees wages and benefits Parts manager's salary and benefits Office employees salary and benefits Overhead (supplies, depredation, advertising, utilities Total budgeted costs $101,379 $25,400 19,176 24,957 $145,512 16,600 21,000 63,000 Sutton's budgets 4,700 hours of repair time in 2017 and will bill a profit of $9 per labor hour invoice cost for parts to be used is $105,000. along with a 20% profit markup on the invoice cost of parts. The estimated on lanuary s, 2017, Sutton's is asked to submit a price estimate to fis a 22 inch flat-screen TV. Sutton's estimates that this TV. Sutton's estimates that this job will consume 9 hours of labor and $220 in parts. e the labor rate for Sutton's Electronic Repair Shop for the vear 2017. CRound answen to 2 decimal places. e.e zo.so) Labour rate per hour