Inse Corporation uses time and material pricing. The repair department expects 20,000 direct labor hours of activity and has the following selected data:

Labor and fringe benefit costs	$	800,000
Overhead Costs (excludes material handling and storage)		480,000
Target profit		220,000

The company's time charge per hour is:

		$64.
		$75.
		$11.
		$40.
		$24.