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 purchases Materials purchasing, handling, and storage Overhead for depreciation, taxes, insurance, etc. Target profit margin for both labor and materials $ 102 per hour 6,440 hours $1,253,500 $ 250, 700 $ 734,160 25 % $ What is the total price for a project requiring 250 direct labor hours and $240,000 of materials? What is the total price for a project requiring 250 direct labor hours and $240,000 of materials? Multiple Choice O $345.000 $418,000 $408.000 $415,500 5303,300