Apple offers device service and repair through its AppleCare program. Assumed data follow. Required: 1. Compute time charge per hour of direct labor (in \$). 2. Compute materials markup per dollar of direct material cost (in % ). 3. Use time and materials pricing to compute the price for a local college. Apple estimates the obligation to this college will require 1,000 direct labor hours and $35,000 of direct materials cost