Bramble's Electronic Repair Shop has budgeted the following time and material for 2022. Bramble 'S ELECTRONIC REPAIR SHOP Budgeted Costs for the Year 2022 Shop employees' wages and benefits Time Charges Material Loading Charges $92,400 Parts manager's salary and benefits $21,336 Office employee's salary and benefits 21,000 11,424 Overhead (supplies, depreciation, advertising, utilities) 25,200 13,440 Total budgeted costs $138,600 $46,200 Bramble's budgets 4,200 hours of repair time in 2022 and will bill a profit of $6 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 $84,000. On January 5, 2022, Bramble's is asked to submit a price estimate to fix a 72-inch flat-screen TV. Bramble's estimates that this job will consume 4 hours of labor and $160 in parts.