Sheridan Painting Service has budgeted the following time and material for 2022: BUDGETED COSTS FOR 2022 Time Charges Material Charges Painters' wages and benefits $33,120 Service manager's salary and benefits $21,160 Office employee's salary and benefits 11,040 2,760 Cost of paint 46,000 Overhead (supplies, utilities, etc.) 14,720 7,820 Total budgeted costs $58,880 $77,740 Sheridan 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, Sheridan is asked to prepare a price 12 labor hours and $460.00 in paint. paint a small building. Sheridan estimates that job will take (a1) Compute the labor rate for 2022. (Round answer to 2 decimal places, e.g. 52.75.) Labor rate $ Save for Later Attempts: 0 of 1 used Submit Answer (a2) The parts of this question must be completed in order. This part will be available when you complete the part above. (a3) The parts of this question must be completed in order. This part will be available when you complete the part above