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 $ 77 per hour 7.600 hours $1,336,250 $ 320, 700 $ 858.800 20 What should Shale set as rate per hour of labor hour? What should Shale set as rate per hour of labor hour? Multiple Choice O $208. $228. $190. $151. $248