Assume Samsung is designing a new smartphone. Each unit of this new phone is expected to require $285 of direct materials, $10 of direct labor, $30 of variable overhead, $5 of variable selling and administrative costs, and $20 of fixed selling and administiatiua $ of Reyunes. 1. For both Samsung and Apple, compute time charge per hour of direct labor (in \$). 2. For both Samsung and Apple, compute materials markup per dollar of direct material cost (in \%). 3. For both Samsung and Apple. use time and materials pricing to compute the price quote for a local college. Both companies estimate the obligation to this college will require 1,000 direct labor hours and $35,000 of direct materials cost