13) Yelk Garage uses time and materials pricing. It is setting prices for next year using the following information: Laborate, including fringe benefits Annual labee bours 2.350 hours Annual material phases $35.000 Materals purchasing, handling, and storage 55.000 Overhead for depreciation, tre, in 7000 Target profit margin for both labor and materials What should Yelk set as the direct labor rate per hour? A) S70 per hour. B) $50 per hour. C) $64 per hour. D) $100 per hour. E) $84 per hour. 14) Yelk Garage uses time and materials pricing. It is setting prices for next year using the following information: Laborale. Iluding fringe benefit 5 Sper her Annual labee hours Antal materials puchares Materials purchasing, handling, and storage S42350 Overhead for depreciation, sex, insurance.567.000 Tapet profit margin for both labor and metals What should Yelk set as the materials markup per dollar of materials used? A) 25% B) 5% C) 20%. D) 35% E) 30% 15) Carly's Clips charges for their grooming services based on the following: Direct laborate Siperbo Materialsmukup Using time and materials pricing, what is the total price for a job requiring 3 direct labor hours and S50 of materials? A) $195. B) S230. C) $245 D) $180 E) $250 14) Yelk Garage uses time and materials pricing. It is setting prices for next year using the following information: Labor rate, including fringe benefits $ 50 per hour Annual labor hours 3,350 hours Annual materials purchases $825,000 Materials purchasing, handling, and storage $ 41.250 Overhead for depreciation, taxes, insurance, etc. $ 67,000 Target profit margin for both labor and materials 20% What should Yelk set as the materials markup per dollar of materials used? A) 25%. B) 5% C) 20%. D) 35%. E) 30%. 15) Carly's Clips charges for their grooming services based on the following: Direct labor rate $60per hour Materials markup 30% Using time and materials pricing, what is the total price for a job requiring 3 direct labor hours and $50 of materials? A) $195. B) $230. C) $245. D) $180. E) $250. 13) Yelk Garage uses time and materials pricing. It is setting prices for next year using the following information: Labor rate, including fringe benefits $ 50per hour Annual labor hours 3,350 hours Annual materials purchases $ 825,000 Materials purchasing, handling, and storage $ 46,000 Overhead for depreciation, taxes, insurance, etc. $ 67,000 Target profit margin for both labor and materials 20% What should Yelk set as the direct labor rate per hour? A) $70 per hour. B) $50 per hour. C) $64 per hour. D) $100 per hour. E) $84 per hour