California Temps, a large labor contractor, supplies contract labor to building-construction companies. For 2017, California Temps has budgeted to supply 83,000 hours of contract labor. Its variable costs are $12 per hour, and its fixed costs are $249,000. Roger Mason, the general manager, has proposed a cost-plus approach for pricing labor at full cost plus 15%. Read the requirements. Requirement 1. Calculate the price per hour that California Temps should charge based on Mason's proposal. Begin 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.) x Price per hour 1. Calculate the price per hour that California Temps should charge based on Mason's proposal. 2. The marketing manager supplies the following information on demand levels at different prices: Price per Demand Hour (Hours) $ 16 121,000 18 107,000 20 83,000 21 76,000 22 64,000 California 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 California Temps should charge to maximize operating income. 3. Comment on your answers to requirements 1 and 2. Why are they the same or different