Question 3 1 pts The following data is available for HVAC Specialists: $ 280,000 90,000 Repair specialists' wages Repair specialists'fringe benefits Purchasing and inventory manager's wages Purchasing and inventory manager's fringe benefits 30,000 10,000 Human resources'employee salary and benefits (75% apply to repair specialists, 25% to materials' employees) 40,000 The desired profit margin is $25 per labor hour and 40% for parts and materials. HVAC estimates that 10,000 billable labor hours will be worked during the year and the total invoice cost of parts and materials will be $400,000. Using time and material pricing, HVAC's labor rate charge would be: $70 per hour. $62 per hour. $65 per hour. $69 per hour