Question: this is the third time i've posted this and got wrong answers. Please answer correctly. HH Auto Repair reports the following information for the coming
this is the third time i've posted this and got wrong answers. Please answer correctly.

HH Auto Repair reports the following information for the coming year. 44 per labor hour 10,800 hours $2,080,000 Labor rate, including fringe benefits Annual labor hours Annual materials (parts) purchases Annual overhead costs: Materials purchasing, handling, and storage Other overhe ad (depreciation, insurance, taxes, rent) Target profit margin (on both labor and materials) $ 332,800 194,400 34 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 four labor hours and $660 in parts? Answer is complete but not entirely correct. $ 836 Total labor rate per hour Materials markup Total price quote 1 2. 50 $1,120 3 HH Auto Repair reports the following information for the coming year. 44 per labor hour 10,800 hours $2,080,000 Labor rate, including fringe benefits Annual labor hours Annual materials (parts) purchases Annual overhead costs: Materials purchasing, handling, and storage Other overhe ad (depreciation, insurance, taxes, rent) Target profit margin (on both labor and materials) $ 332,800 194,400 34 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 four labor hours and $660 in parts? Answer is complete but not entirely correct. $ 836 Total labor rate per hour Materials markup Total price quote 1 2. 50 $1,120 3
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