Sandhill Painting Service has budgeted the following time and material for 2022: BUDGETED COSTS FOR 2022 Time Charges Material Charges Painters' wages and benefits $43,200 Service manager's salary and benefits $27,600 Office employee's salary and benefits 14,400 3,600 Cost of paint 60,000 Overhead (supplies, utilities, etc.) 19,200 10,200 Total budgeted costs $76,800 $101,400 Sandhill budgets 4,000 hours of paint time in 2022 and will charge a profit of $12.00 per hour in addition to a 20% markup on the cost of paint. On February 15, 2022, Sandhill is asked to prepare a price estimate to paint a small building. Sandhill estimates that this job will take 12 labor hours and $600.00 in paint. (a1) Your answer has been saved. See score details after the due date. Compute the labor rate for 2022. (Round answer to 2 decimal places, e.g. 52.75.) Labor rate $enter the labor rate in dollars rounded to 2 decimal places 31.20

Compute the labor rate for 2022. (Round answer to 2 decimal places, eg. 52.75.) Labor rate $ 31.20 Attempts: 1 of 1 used (a2) Compute the material loading charge rate for 2022. Material loading charge % Save for Later Attempts: 0 of 1 used Submit Answer (a3) The parts of this question must be completed in order. This part will be available when you complete the part above