Whispering Winds's Electronic Repair Shop has budgeted the following time and material for 2022. Whispering Winds's ELECTRONIC REPAIR SHOP Budgeted Costs for the Year 2022 Time Charges Material Loading Charges Shop employee's wages and benefits $117,600 Parts manager's salary and benefits $28,448 Office employees' salary and benefits 33,600 15,232 Overhead (supplies, depreciation, advertising, utilities) 39,200 17,920 Total budgeted costs $190,400 $61,600 Whispering Winds's budgets 5,600 hours of repair time in 2022 and will bill a profit of $10 per labor hour along with a 25% profit markup on the invoice cost of parts. The estimated invoice cost for parts to be used is $112,000. On January 5, 2022, Whispering Winds's is asked to submit a price estimate to fix a 72-inch flat-screen TV. Whispering Winds's estimates that this job will consume 4 hours of labor and $220 in parts. X Your answer is incorrect. Compute the labor rate for Whispering Winds's Electronic Repair Shop for the year 2022. (Round answer to 0 decimal places, e.g. 10.) Labor rate $ 68 per hour