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H H Electric reports the following information. Direct labor rate Non - materials - related overhead Materials - related overheadTarget profit margin ( on both

HH Electric reports the following information.
Direct labor rate
Non-materials-related overhead
Materials-related overheadTarget profit margin (on both conversion and direct materials)5% of direct materials cost 20%a. Compute the time charge per hour of direct labor.b. Compute the materials markup percentage.c. What price should the company quote for a job requiring four direct labor hours and $584 in materials?
\table[[a. Time charge per hour of direct labor,,],[b. Materials markup,,%
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