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Cheyenne's Electronic Repair Shop has budgeted the following time and material for 2022. Cheyenne's budgets 4.400 hours of repair time in 2022 and will bill

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Cheyenne's Electronic Repair Shop has budgeted the following time and material for 2022. Cheyenne's budgets 4.400 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 $88,000. On January 5, 2022. Cheyenne's is asked to submit a price estimate to fix a 72-inch flat-screen TV. Cheyenne's estimates that this job will consume 4 hours of labor and $160 in parts. Prepare a time-and-material price quotation for fixing the flat-screen TV

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