CALCULATOR PRINTER VERSION 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 Time Material Loading Charges Charges Shop employees' wages and benefits $111,690 Parts manager's salary and benefits $25,400 Office employee's salary and benefs 21,930 14,380 Overhead (supplies, depreciation, advertising, utilities) 24,480 20,400 Total budgeted costs $158,100 $60,180 Sutton's budgets 5,100 hours of repair time in 2020 and will bitta pront of 514 per labor hour along with a 30 profit markup on the involon 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 place, w.g. 10.50.) 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 5 Mac Beo