California Temps, a large labot contractor, supplies contract labor to construction companies. For 2020 , CaLifornia Temps has budgeted to supply 86.000 hours contract labor Its variable costs are $11 per hour, and its foxed costs are $172,000. Roger Mason, the general manager, has proposed a cost plus approach for pricing labor at full cost plus 25% Read the Requirement 1. Calculate the price per hour that California Temps should charge based on Masoris proposal. Begin by determining the formula to calculate the price per hour based on Mason's proposal then caiculate the price. (Cornplete all answer boxes Found the pr per hour to two decimal places ) Requirement 2. On the basis of the additional information, calculate the price per hour that California Temps should charge to maximize operating income First select the tormula that will be used to determine the optimal price per hour, then calculate the lotal contribusion at each 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: 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