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Crane Painting Service has budgeted the following time and material for 2 0 2 2 : Crane budgets 4 , 0 0 0 hours of

Crane Painting Service has budgeted the following time and material for 2022:
Crane 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, Crane is asked to prepare a price estimate to paint a small building. Crane estimates that this job will take 12
labor hours and $630.00 in paint.
(a)
Compute the labor rate for 2022.(Round answer to 2 decimal places, e.g.52.75.)
Labor rate $
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