Georgia Temps, a large labor contractor, supplies contract labor to building-construction companies. For 2017, Georgia Temps has budgeted to supply 85,000 hours of contract labor. Its variable costs are $14 per hour, and its fixed costs are $255,000. Roger Mason, the general manager, has proposed a cost-plus approach for pricing labor at full cost plus 10%. Read the requirements. Requirement 1. Calculate the price per hour that Georgia 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.) Price per hour v Georgia Temps, a large labor contractor, supplies contract lab and its fixed costs are $255,000. Roger Mason, the general m X po hou bo hours of contract labor. Its variable costs are $14 per hour, A - Requirements Read the requirements. Requirement 1. Calculate the price per hour that Georgia Ter Begin by determining the formula to calculate the price per ho he price per hour to two decimal places.) 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) 123,000 109,000 85,000 77,000 63,000 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. 3. Comment on your answers to requirements 1 and 2. Why are they the same or different