$10$

$HH$ Electric reports the following information.

Direct labor rate

Non$-$materials$-$related overhead

Materials$-$related overhead

Target profit margin $($on both conversion and

direct materials$)$

$$51$ per DLH

$$29$ per DLH

$5\%$ of direct materials

cost

$20\%$

a$.$ Compute the time charge per hour of direct labor.

b$.$ Compute the materials markup percentage.

c$.$ What price should the company quote for a job requiring four direct labor hours and $$608$ in materials?

Answer is complete but not entirely