ABC Company uses time and materials pricing. It is setting prices for next year using the following information: Labor rate, including fringe benefits Annual labor hours Annual materials purchases Materials purchasing, handling, and storage Overhead for depreciation, taxen, insurance, etc. Target profit margin for both labor and materials 58 per hour 3,150 hours $837,000 $ 58,000 $ 69,300 20 What should ABC Company set as the direct labor (DL) rate per hour? Multiple Choice $58 per hour $96 per hour $74 per hour