-US Help System Announcements Tin 04120 PM / Remaining 15 min ES CALCULATOR # BACK Problem 21-03A 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 Leading 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 Overhead (supplies, depreciation, advertising, utilities) 27,040 16,320 Total budgeted costs $156,000 $55,080 Time 13,360 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 is job will consume 9 hours of bor and 230 in parts. Compute the labor rate for Sutton's Electronic Repair Shop for the year 2020. (Round answer to 2 decimal places, 6.9. 10.30.) Labour rate per hour Compute the material loading charge percentage for Sutton's Electronic Repair Shop for the year 2020. Material loading percentage Calculate the time and material price quotation for fixing the flat-screen TV. Total price of labor and material $ MacBook