Shale Remodeling 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 purchase Materials purchasing, handling, and storage Overhead for depreciation, taxes, insurance, etc. Target profit margin for both labor and materials $ 89 per hour 3,130 hours $1,346,250 $ 269, 250 $ 810,000 24 % What should Shale set as the materials markup per dollar of materials used