Wildhorse Painting Service has budgeted the following time and material for 2022 : Wildhorse budgets 4,000 hours of paint time in 2022 and will charge a profit of $12.00 per hour in addition to a 20% markup on the cost of paint. On February 15, 2022, Wildhorse is asked to prepare a price estimate to paint a small building. Wildhorse estimates that this job will take 12 labor hours and $610.00 in paint. Compute the labor rate for 2022. (Round answer to 2 decimal places, eg. 52.75.) Labor rate $ Compute the material loading charge rate for 2022. Material loading charge \% Prepare a time-and-material price estimate for painting the building. (Round answers to 2 decimal places, eg. 52.75.)