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 Material Loading Time Charges Charges Shop employees' wages and benefits $109.200 Parts manager's salary and benefits $25,400 Office employee's salary and benefits 19,760 13,360 Overhead (supplies, depreciation, advertising, utilities) 27,040 16,320 Total budgeted costs $156,000 $55,080 Sutton's budgets 5.200 hours of repair time in 2020 and will bill a profit of $12 per labor hour along with a 24% 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 9 hours of labor and $300 in parts. Part 1 Compute the labor rate for Sutton's Electronic Repair Shop for the year 2020. (Round answer to 2 decimal places, eg. 10.50 Labour rate per hour Save for Attempts: 0 of 1 used Submit Anwer Part 2 Compute the material loading charge percentage for Sutton's Electronic Repair Shop for the year 2020. Material loading percentage Save for later Attempts: 0 of 1 used Submit Answer Part 3 Calculate the time and material price quotation for fixing the flat screen TV Yotal price of labor and material $ Attempts of 1 used Su Are