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Please help! Thanks in advance!! Riverbed's Electronic Repair Shop has budgeted the following time and material for 2022. Riverbed's budgets 5,300 hours of repair time

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Riverbed's Electronic Repair Shop has budgeted the following time and material for 2022. Riverbed's budgets 5,300 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 $106,000. On January 5, 2022, Riverbed's is asked to submit a price estimate to fix a 72 -inch flat-screen TV. Riverbed's estimates that this job will consume 4 hours of labor and $200 in parts. Compute the labor rate for Riverbed'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 Riverbed's Electronic Repair Shop for the year 2022. Material loading percentage % eTextbook and Media Prepare a time-and-material price quotation for fixing the flat-screen TV

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