HH Auto Repair reports the following information for the coming year. Labor rate, including fringe benefits 5 52 per labor hour Annual labor hours 11,596 hours Annual materials (parts) purchases $2,156,896 Annual overhead costs: Materials purchasing, handling, and storage 5 324,896 Other overhead (depreciation, insurance, taxes, rent) 5 1?4,BBB Target profit margin (on both labor and materials) 36 x 1. Compute the price {rate} per hour of direct labor. (Round your answer to 2 decimal places.) 2 Compute the materials markup {in 5'6). 3. What price should the company quote for a job requiring four labor hours and $740 in parts? {Round your answer to 2 decimal pl ace 5.} '1. Total labor rate per hour -- 2. Materials markup 3. Total price quote