HH Electric reports the following information. Direct labor rate Non-materials-related overhead Materials-related overhead $48 per DLH $27 per DLH 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. c. What price should the company quote for a job requiring four direct labor hours and $604 in materials? \begin{tabular}{|l|l|l|} \hline a Time charge per hour of direct labor & & \\ \hline b Materials markup & & % \\ \hline c Time and materials price & & \\ \hline \end{tabular}