3. Award 16.00 points Southern Tier Heating, Inc. installs heating systems in new homes built in the southern tier counties of New York state. Jobs are priced using the ime and materials method. The president of Southen Tier Heating. B. T Ewing, is pricing a job involving the heating systems tor six houses to be built by a local developer. He has made the following estimates Material cost Labor hours 560,000 400 The following predictions pertain to the company's operations for the next year S 16.00 per hour 12,000 hours Labor rate, including fringa benetits Annual Iabor hours Annual overhead costs 5 25,000 $ 108,000 Material handling and storage Other overhead costs Annual cost of materials used Required: Southern Tier Heating adds a markup of $4,00 per hour on its time charges, but there is no markup on material costs 1. Calculate the company's time charges and the material charges percentage 2 Compute the price for the job. (Do not round intermediate calculations.) 3. What would be the price of the job if Southem Tier Heating also added a markup of 10 percent on all material charges (ncluding material handling and storage costs)? (Do not round intermediate calculations.) per labor hour 1. Time charges Material charges 2. Price of job 3 Price of pob References wi-1325230700671.. 1/2