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 Shop employees' wages and benefits $97,650 Parts manager's salary and benefits $25,400 Office employee's salary and benefits 20,250 17,440 Overhead (supplies, depreciation, advertising, utilities) 21,600 16,320 Total budgeted costs $139,500 $59,160 Sutton's budgets 4,500 hours of repair time in 2020 and will bill a profit of $14 per labor hour along with a 30% profit 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 6 hours of labor and $400 in parts