Carla Vista Painting Service has budgeted the following time and material for 2022: BUDGETED COSTS FOR 2022 Time Charges Material Charges Painters' wages and benefits $42,480 Service manager's salary and benefits $27,140 Office employee's salary and benefits 14.160 3,540 Cost of paint 59,000 Overhead (supplies, utilities, etc.) 18,880 10,030 Total budgeted costs $75,520 $99,710 Carla Vista 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, Carla Vista is asked to prepare a price estimate to paint a small building. Carla Vista estimates that this job will take 12 labor hours and $590.00 in paint.