HH Auto Repair reports the following information for the coming year.

Labor rate, including fringe benefits	$	51	per labor hour
Annual labor hours		11,500	hours
Annual materials (parts) purchases	$	2,150,000
Annual overhead costs:
Materials purchasing, handling, and storage	$	301,000
Other overhead (depreciation, insurance, taxes, rent)	$	161,000
Target profit margin (on both labor and materials)		36	%

1. Compute the price (rate) per hour of direct labor. 2. Compute the materials markup (in %). 3. What price should the company quote for a job requiring five labor hours and $730 in parts?