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Sutton's Electronic Repair Shop has budgeted the following time and material for 2020. Sutton's budgets 5,100 hours of repair time in 2020 and will bill

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Sutton's Electronic Repair Shop has budgeted the following time and material for 2020. Sutton's budgets 5,100 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 8 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

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