ssional Development Pro... Ch 23 Homework Helps Exercise 23-15 Time And Materi. (935)+760*1.5) - Google Search Thread: Profes Exercise 23-15 Time and materials pricing A1 1.12 points HH Auto Repair reports the following information for the coming year. eBook 54 per labor hour 11,800 hours $2,180,000 Labor rate, including fringe benefits Annual labor hours Annual materials (parts) purchases Annual overhead costs: Materials purchasing, handling, and storage Other overhead (depreciation, insurance, taxes, rent) Target profit margin (on both labor and materials) Print $ $ References 370, 600 188,800 33 8 1. Compute the price (rate) per hour of direct labor. 2. Compute the materials markup (in %). 3. What price should the company quote for a job requiring five labor hours and $760 in parts? 1. Total labor rate per hour 2. Materials markup 3. Total price quote