Sutton's Electronic Repair Shop has budgeted the following time and material for 2017. 6 (Part ssion) 14 2A (Part ssion) 3A (Par SUTTON'S ELECTRONIC REPAIR SHOP Budgeted Costs for the Year 2017 Material Loading Charges Time Charges s by Study 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 99,593 18,095 26,320 144,008 25,400 13,360 19,380 58,140 Sutton's budgets 4,700 hours of repair time in 2017 and will bill a profit of $ 14 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