HH Auto Repair reports the following information for the coming year. $ 42 per labor hour 10, 600 hours $2,060,000 Labor rate, including fringe benefits Annual labor hours Annual materials (parts) purchases Annual overhead costs. Materials purchasing, handling, and storage Other overhead (depreciation, insurance, taxes, rent) Target profit margin (on both labor and materials) $ 494,400 $ 190,800 26 % 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 three labor hours and $640 in parts? (Round your answer to 2 decimal places.) 1. Total labor rate per hour 2. Materials markup 3. Total price quote %