Exercise 23-15 Time and materials pricing A1 HH Auto Repair reports the following information for the coming year. Labor rate, including fringe benefits Annual labor house Annual materiais para purchases Annual overhead costs Materiale purchasing, handling, and storage Other overhead (depreciation Insurance, taxes, rent Target profit margin (on both labor and materials) $ 42 per labor hour 10,600 hours $2,060,000 $ 94,400 $ 190,00 26 1. Compute the price rate) per hour of direct labor (Round your answer to 2 decimal places.) 2. Compute the materials markup (in %) 3. What price should the company quoto for a job requiring three labor hours and $640 in parts? (Round your answer to 2 decimal places.) 1 Total laborate per hour 2 Materiais markup 3. Toniprios que