R VERSION : BACK NEXT Sutton's Electronic Repair Shop has budgeted the following time and material for 2017. SUTTON'S ELECTRONIC REPAIR SHOP Budgeted Costs for the Year 2017 Material Loading Charges Time Charges Shop employees' wages and benefits Parts manager's salary and benefits Office employee's salary and benefits $99,038 20,102 22,908 s 142,048 $25,400 17,650 18,900 $ 61,950 Overhead (supplies, depreciation, advertising, utilities) 2 Total budgeted costs Sutton's budgets 4,600 hours of repair time in 2017 and will bill a profit of $ 9 per labor hour along with a 21 % profit markup on the invoice cost of parts. The estimated invoice cost for parts to be used is $ 105,000 On January 5, 2017, 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 5 hours of labor and $ 240 in parts. Compute the labor rate for Sutton's Electronic Repair Shop for the year 2017. (Round answer to 2 decimal places, e.g 10.50.) dy per hour Labour rates Click if you would like to Show Work for this question: Open Show Work Attempts: 0 of 5 used SAVE FOR LATER SUBHIT