HH Electric reports the following information Direct labor rate $ 48 per DLH Non-materials-related overhead $ 27 per DLH Materials-related overhead 5% of direct materials cost Target 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 $604 in materials? % a Time charge per hour of direct labor b. Materials markup c Time and materiais price