Sutton's Electronic Repair Shop has budgeted the following time and material for 2020. Material Loading Charges SUTTON'S ELECTRONIC REPAIR SHOP Budgeted Costs for the Year 2020 Time Charges Shop employees' wages and benefits $101.520 Parts manager's salary and benefits Office employee's salary and benefits 19.270 Overhead (supplies, depreciation, advertising, utilities) 24.910 Total budgeted costs $145,700 $25,400 16,600 21,000 $63.000 Sutton's budgets 4.700 hours of repair time in 2020 and will bill a profit of $9 per labor hour along with a 20% profit markup on the invoice cost of parts. The estimated invoice cost for parts to be used is $105,000 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 $200 in parts. 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