PLEASE PROVIDE CORRECT HOMEWORK SOLUTION

Sutton's Electronic Repair shop has budgeted the following time and material for 2017 SUTTON'S ELECTRONIC REPAIR SHOP Budgeted Costs for the Year 2017 Material Loading Time Charges Charges $100,815 Shop employees' wages and benefits $25,400 Parts manager's salary and benefits Office employee's salary and benefits 20,398 14,380 25,756 16 320 Overhead (supplies, depreciation, advertising, utilities) $146,969 $56,100 Total budgeted costs Sutton's budgets 4,700 hours of repair time in 2017 and will bill a profit of $14 per labor hour along with a 27% profit markup on the invoice cost of parts. The estimated invoice cost for parts to be used is $102,000. 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 6 hours of labor and $240 in parts. Compute the labor rate for Sutton's Electronic Repair shop for the year 2017. (Round answer to 2 decimal places, e.g. 10.50) Labour rate per hour Compute the material loading charge percentage for Sutton's Electronic Repair Shop for the year 2017. Material loading percentage Calculate the time-and-material price quotation for fixing the flat-screen TV. (Round answer to 2 decimal places, e.g. 10.50.)