Question 17 Sutton's Electronic Repair Shop has budgeted the following time and material for 2017. Material Loading Charges SUTTON'S ELECTRONIC REPAIR SHOP Budgeted Costs for the Year 2017 Time Charges Shop employees' wages and benefits $94,500 Parts manager's salary and benefits Office employee's salary and benefits 15,750 Overhead (supplies, depreciation, advertising, utilities) 21,150 Total budgeted costs $131,400 $25,400 12,600 16,000 $54,000 Sutton's budgets 4,500 hours of repair time in 2017 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 for parts to be used is $100,000 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 4 hours of labor and $200 in parts. Compute the labor rate for Sutton's Electronic Repair Shop for the year 2017. (Round answer to 2 decimal places, ag. 10.50.) Labour rates per hour Compute the material loading charge percentage for Sutton's Electronic Repair Shop for the year 2017. Material loading percentage ay and benefits Overhead (supplies, depreciation, advertising Total budgeted costs INTER VERSION ) N 15,750 21,150 $131,400 12,600 16,000 554,000 Sutton's budgets 4,500 hours of repair time in 2017 and will be a profit of $9 per parts to be used is $100,000 bor hour along with a 20 profit markup on the invoice cost of parts. The estimated Invoice coste 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 4 hours of labor and $200 in parts. Compute the labor rate for Sutton's Electronic Repair Shop for the year 2017. (Round answer to 2 decimal places, .. 10..) Labour rate per hour Compute the material loading charge percentage for Suttons Sectronic Re Shop for the year 2017 Material loading percentage Calculate the time-and-material price quotation for ung the fat-screen TV. (Round answer to decimal places 1 .) Total price of labor and material