HH Electric reports the following information. Direct labor rate Non-materials-related overhead Materials-related overhead Target profit margin (on both conversion and direct materials) a. Compute the time charge per hour of direct labor. b. Compute the materials markup percentage. $ 54 per DLH $ 31 per DLH 5% of direct materials cost 20% c. What price should the company quote for a job requiring four direct labor hours and $612 in materials? Answer is complete but not entirely correct. a. Time charge per hour of direct labor S 102 b. Materials markup 25 % c. Time and materials price $ 1,122