Labour rate, Material loading percentage, Total price of labor and material

Sutton's Electronic Repair Shop has budgeted the following time and material for 2017. Sutton's budgets 4, 500 hours of repair time in 2017 and will bill a profit of $ 13 per labor hour along with a 20 % profit markup on the invoice cost of parts. The estimated invoice cost for parts to be used is $ 100,000. On January 5, 2017, Sutton's is asked to submit a price estimate to fix a 72-inch flat-screen TV. Sutton's estimates that this job will consume 7 hours of labor and $ 220 in parts. Compute the labor rate for Sutton's Electronic Repair Shop for the year 2017. Compute the material loading charge percentage for Sutton's Electronic Repair Shop for the year 2017