Sutton's budgets 5,000 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 $100,000. On January 5, 2022, Sutton's is asked to submit a price estimate to fix a 72 -inch flat-screen TV. Suttor's estimates that this job will consume 4 hours of labor and $200 in parts. Your answer is incorrect. Compute the labor rate for Sutton's Electronic Repair Shop for the year 2022. (Round answer to 0 decimal places, eg. 10.) Labor rate $ perhour Compute the material loading charge percentage for Sutton's Electronic Repair Shop for the year 2022. Material loading percentage 8 Assistan Attempts: Prepare a time-and-material price quotation for fixing the flat-screen TV