Martinez's Electronic Repair Shop has budgeted the following time and material for 2022. Martinez 'S ELECTRONIC REPAIR SHOP Budgeted Costs for the Year 2022 Shop employees' wages and benefits Parts manager's salary and benefits Office employee's salary and benefits Overhead (supplies, depreciation, advertising, utilities) Total budgeted costs Time Charges $96,000 19,200 24,000 $139,200 Material Loading Charges $24,384 13,056 15,360 $52,800 Martinez's budgets 4,800 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 $96,000. On January 5, 2022, Martinez's is asked to submit a price estimate to fix a 72-inch flat-screen TV. Martinez's estimates that this job will consume 4 hours of labor and $180 in parts.

Martinez's Electronic Repair Shop has budgeted the following time and material for 2022. Martinez's budgets 4,800 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 $96.000. On January 5, 2022, Martinez's is asked to submit a price estimate to fix a 72 -inch flat-screen TV. Martinez's estimates that this job will consume 4 hours of labor and $180 in parts. Compute the material loading charge percentage for Martinez's Electronic Repair Shop for the year 2022. Material loading percentage % Attempts: 0 of 1 used (c) The parts of this question must be completed in order. This part will be available when you complete the part above