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Required information Direct labor (300 hours x $61 per DLH) Direct materials Materials markup ($14,000 25%) Time and materials price of 2 $ 18,300 14,000 3,500 $35,800 nowledge Check 01 Marshall Grocery Delivery Service reports the following information: Direct labor rate per hour $ 20 Non-materials related overhead per hour Materials-related overhead 4 of Direct materials cost Materials ckup Target profit margin 200 The materials markup per dollar of materials cost is: 5 25.80 231 Answer is complete but not entirely correct. Materials markup 50%