a Temps, a large labor contractor, supplies contract labor to building-construction companies. For 2017, Georgia Temps has budgeted to supply 82,000 hours of contract labor. Its variable costs are $14 per hour, and its fixed costs are $246,000. Roge al manager, has proposed a cost-plus approach for pricing labor at full cost plus 10%. the requirements. irement 1. Calculate the price per hour that Georgia Temps should charge based on Mason's proposal. by determining the formula to calculate the price per hour based on Mason's proposal, then calculate the price. (Complete all answer boxes. Round the price per hour to two decimal places.) Full cost per hour (100% + Markup percentage) M Price per hour 17 110 % = $ 18.70 uirement 2. On the basis of the additional information, calculate the price per hour that Georgia Temps should charge to maximize operating income. t select the formula that will be used to determine the optimal price per hour, then calculate the total contribution at each price per hour. Full cost per hour Total contribution Requirements 1. Calculate the price per hour that Georgia Temps should charge based on Mason's proposal. 2. The marketing manager supplies the following information on demand levels at different prices: Price per Hour Demand (Hours) S 18 122,000 20 103,000 21 82,000 22 75,000 23 67,000 Georgia Temps can meet any of these demand levels. Fixed costs will remain unchanged for all the demand levels. On the basis of this additional information, calculate the price per hour that Georgia Temps should charge to maximize operating income. www 3. Comment on your answers to requirements 1 and 2. Why are they the same or different?