Novak's Electronic Repair Shop has budgeted the following time and material for $2022.$

Novak's budgets $5,000$ 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 $$100,000.$

On January $5,2022,$ Novak's is asked to submit a price estimate to fix a $72-$inch flat$-$screen TV$.$ Novak's estimates that this job will

consume $4$ hours of labor and $$200$ in parts.

$($a$)$

Compute the labor rate for Novak's Electronic Repair Shop for the year $2022.($Round answer to $2$ decimal places, e$.$g$.10\mathrm{.}50.)$

Labor rate $$ per hour

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