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 20,520 28.080 $167,400 $25,400 13.990 20,200 $59,590 Sutton's budgets 5,400 hours of repair time in 2020 and will bill a profit of $14 per labor hour along with a 21% profit markup on the invoice cost of parts. The estimated invoice cost for parts to be used is $101,000. 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 9 hours of labor and $300 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.) Labour rate $ per hour Compute the material loading charge percentage for Sutton's Electronic Repair Shop for the year 2020. Material loading percentage enter the material loading percentage Calculate the time-and-material price quotation for fixing the flat-screen TV. Total price of labor and material $enter the total price of labor and material in dollars Compute the material loading charge percentage for Sutton's Electronic Repair Shop for the year 2020. Material loading percentage enter the material loading percentage Calculate the time-and-material price quotation for fixing the flat-screen TV. Total price of labor and material $enter the total price of labor and material in dollars