Cullumber Painting Service has budgeted the following time and material for 2022 BUDGETED COSTS FOR 2022 Time Charges Material Charges $30.240 Painters wages and benefit Service manager's salary and benefits- $19.320 Office employee's salary and benefits 10,000 2.520 Cost of paint 42,000 Overhead supplies uities, etc) Total budgeted costs 13440 7.140 $53,760 $70,980 Cullumber 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, Cullumber is asked to prepare a price estimate to paint a small building Cullumber estimates that this job will take 12 labor hours and $420 00 in paint Compute the labor rate for 2022. (Round answer to 2 decimal places, ea 52.75) Labor rate $ Compute the material loading charge rate for 2022 Material loading charge Prepare a time-and-material price estimate for painting the building (Round answers to 2 decimal places, eg 52.75) Labor charges Material charges Cost of paint Material loading charge Total price of labor and materials $ $