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HH Electric reports the following information. per DLH per DLH 5% of direct material: 20% Direct labor rate $ 72 Non-materials-related overhead $ 43 Materials-related

HH Electric reports the following information. per DLH per DLH 5% of direct material: 20% Direct labor rate $ 72 Non-materials-related overhead $ 43 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. c. What price should the company quote for a job requiring four direct labor hours and $636 in materials? a. Time charge per hour of direct labor b. Materials markup % c. Time and materials price

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