Sutton's Electronic Repair Shop has budgeted the following time and material for 2022 Sutton's budgets 5,000 hours of repair time in 2022 and will bill a profit of $10 per labor hour along with a 25% profit markup on the invice cost of parts. The estimated involce cost for parts to be used is $100,000. On January 5, 2022, Sutton's is asked to submit a price estimate to fixa 72-inch flat-screen TV. Sutton's estimates that this job will consume 4 hours of labor and $200 in parts. Prepare a time-and-material price quotation for fixing the flat-screen TV, Compute the labor rate for Sutton's Electronic Repair Shop for the year 2022. (Round answer to 0 decimal places, eg. 10.) Labor rate perhour eTextbook and Media Attempts: 0 of 3 used (b) Compute the material loading charge percentage for Sutton's Electronic Repair Shop for the year 2022. Material loading percentage \%