Sutton's Electronic Repair Shop has budgeted the following time and material for 2020, SUTTON'S ELECTRONIC REPAIR SHOP Budgeted Costs for the Year 2020 Time Charges Material Loading Charges $118,800 Shop employees' wages and benefits Parts manager's salary and benefits Office employee's salary and benefits Overhead (supplies, depreciation, advertising, utilities) Total budgeted costs 21.600 27,000 $167.400 $25,400 15,400 17,340 $58,140 Sutton's budgets 5,400 hours of repair time in 2020 and will bill a profit of $14 per labor hour along with a 24% proht markup on the invoice cost of parts. The estimated invoice cost for parts to be used is $102,000 On January 5, 2020, 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 8 hours of labor and $200 in parts. Compute the labor rate for Bonita's Electronic Repair Shop for the year 2020. (Round answer to 2 decimal places a 10.50) Labour rates per hour eTextbook and Media Compute the material loading charge percentage for Bonita's Electronic Repair Shop for the year 2020, 96 Material loading percentage e Textbook and Media Calculate the time and material price quotation for fixing the flatscreen TV Tour of labor and materials