Suttons Electronic Repair Shop has budgeted the following time and material for 2020.

Sutton's Electronic Repair Shop has budgeted the following time and material for 2020. 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 SUTTON'S ELECTRONIC REPAIR SHOP Budgeted Costs for the Year 2020 Time Charges $101,050 Labour rate Sutton's budgets 4,700 hours of repair time in 2020 and will bill a profit of $14 per labor hour along with a 26% profit markup on the invoice cost of parts. The estimated invoice cost for parts to be used is $105,000. e Textbook and Media 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 4 hours of labor and $400 in parts. Compute the labor rate for Sutton's Electronic Repair Shop for the year 2020. (Round answer to 2 decimal places, e.g. 10.50.) Material loading percentage 20,210 24,440 $145,700 eTextbook and Media per hour Material Loading Charges Compute the material loading charge percentage for Sutton's Electronic Repair Shop for the year 2020. Total price of labor and material $ $25,400 17,650 16,800 $59,850 % Calculate the time-and-material price quotation for fixing the flat-screen TV