Help System Announcements CALCULATOR PRINTER VERSION NEXT 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 Charges Material Loading Charges Shop employees' wages and benefits $100,740 Parts manager's salary and benefits $25,400 Office employee's salary and benefits 16,600 Overhead (supplies, depreciation, advertising, utilities) 23,460 17,850 Total budgeted costs $142,600 559,850 18,400 Sutton's budgets 4,600 hours of repair time in 2020 and will bill a profit of $14 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 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 places, eg. 10.50.) Labour rate per hour MacBook Air US Help System Announcements CALCULATOR PRINTER VERSION ES Compute the labor rate for Sutton's Electronic Repair Shop for the year 2020. (Round answer to 2 decimal plans, e.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 $ Click if you would like to show Work for this question: Oper Show Work Question Attempts: 0 of 1 used SAVE POR LATER MacBook Air