Grouper's Electronic Repair Shop has budgeted the following time and material for 2022. Grouper 'S ELECTRONIC REPAIR SHOP Budgeted Costs for the Year 2022 Time Charges Material Loading Charges Shop employees' wages and benefits $96,600 Parts manager's salary and benefits $23,368 Office employee's salary and benefits 27,600 12,512 Overhead (supplies, depreciation, advertising, utilities) 32,200 14,720 Total budgeted costs $156,400 $50,600 Grouper's budgets 4,600 hours of repair time in 2022 and will bill a profit of $10 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 $92,000. On January 5, 2022, Grouper's is asked to submit a price estimate to fix a 72-inch flat-screen TV. Grouper's estimates that this job will consume 4 hours of labor and $180 in parts. Compute the labor rate for Grouper's Electronic Repair Shop for the year 2022. (Round answer to 2 decimal places, e.g. 10.50.) Labor rate $ per hour Compute the material loading charge percentage for Grouper's Electronic Repair Shop for the year 2022. Material loading percentage % e Textbook and Media Prepare a time-and-material price quotation for fixing the flat-screen TV. Grouper'S ELECTRONIC REPAIR SHOP Time and Material Price Quotation Job: Fix big screen TV set $ $