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HH Electric reports the following information. Direct labor rate$ 54per DLHNon-materials-related overhead$ 31per DLHMaterials-related overhead5%of direct materials costTarget profit margin (on both conversion and direct

HH Electric reports the following information.
Direct labor rate$ 54per DLHNon-materials-related overhead$ 31per DLHMaterials-related overhead5%of direct materials costTarget profit margin (on both conversion and direct materials)20%
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 $612 in materials?

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