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HH Electric reports the following information. Direct labor rate $ 69 per DLH Non-materials-related overhead $ 41 per DLH Materials-related overhead 58 of direct materials

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HH Electric reports the following information. Direct labor rate $ 69 per DLH Non-materials-related overhead $ 41 per DLH Materials-related overhead 58 of direct materials cost Target profit margin (on both conversion and direct materials) 203 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 $632 in materials? a. Time charge per hour of direct labor b. Materials markup c. Time and materials price %

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