HH Auto Repair reports the following information for the coming year. 5 38 per labor hour 10,200 hours 62.020,000 Labor rate, including fringe benefits Annual labor hours Annual materials (parta) purchases Annual overhead coats Materials purchasing, handling, and storage other overhead (depreciation, insurance, taxes, rent) Target profit margin (on both labor and materiale $ 404,000 $153,000 32 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 quote for a job requiring four labor hours and $600 in parts? (Round your answer to 2 decimal places.) 1 Total loborrate per hour 2 Materials markup 3. Total price quote