HH Auto Repair reports the following information for the coming year.

1. Compute the rate per hour of direct labor (in $).

2. Compute the materials markup (in %).

3. What price should the company quote for a job requiring four direct labor hours and $580 in parts?

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Direct labor rate, including fringe benefits Annual direct labor hours...... Annual direct materials (parts) purchases.. Annual overhead costs: Materials purchasing, handling, and storage... Other overhead (depreciation, insurance, taxes, rent). Target profit margin (on both labor and materials). $36 per DLH 10,000 hours $2,000,000 $360,000 $170,000 32%