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JS Weygandt, Managerial Accounting, se Help System Announcements CALCULATOR PRINTER VERSION 4 BACK Problem 8-3A (Video) Sutton's Electronic Repair Shop has budgeted the following time and material for 2020. SUTTON'S ELECTRONIC REPAIR SHOP Budgeted Costs for the Year 2020 Time Charges Material Loading Charges Shop employees' wages and benefits $94,500 Parts manager's salary and benefits $25,400 Office employee's salary and benefits 15,750 12,600 Overhead (supplies, depreciation, advertising, utilities) 20,250 16,000 Total budgeted costs $130,500 $54,000 Sutton's budgets 4,500 hours of repair time in 2020 and will bill a profit of $9 per labor hour along with a 20% profit markup on the invoice cost of parts. The estimated invoice cost parts to be used is $100,000. On January 5, 2020, 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 4 hours of labor and $200 in parts. Compute the labor rate for Sutton's Electronic Repair Shop for the year 2020. (Round answer to 2 decimal places, e.g. 10.50.) Labour rate $ per hour LINK TO TEXT LTO VIDEO Compute the material loading charge percentage for Sutton's Electronic Repair Shop for the year 2020. Material loading percentage Help System Announcements ESOURCES CALCULATOR PRINTER VERSIC (Video) Compute the labor rate for Sutton's Electronic Repair Shop for the year 2020. (Round answer to 2 decimal places, c.9. 10.50.) (Video Labour rate per hour by Study LINK TO TEXT LINK TO VIDEO Compute the material loading charge percentage for Sutton's Electronic Repair Shop for the year 2020. Material loading percentage % LINK TO TEXT LINK TO VIDEO Calculate the time and material price quotation for fixing the flat-screen TV Total price of labor and material Click if you would like to show Work for this question: Open Show Work LINK TO TEXT LINK TO VIDEO Question Attempts: 0 of 5 used SAVE FOR LATER