Jervis Enterprises uses time-and-material pricing and has provided the following information: Labour Materials Direct Labour $200,000 Supervisor Salaries 75.000 75,000 Selling and Administrative 40,000 Other related overhead 17.500 14,500 Employee benefit as percentage of labour cost 2296 Total invoice cost part and materials 5450 000 Target profit margin Total budgeted hours 10,DO0 What is the rate per labour hour and the material loading percentage, respectively? a. $33.25 and 28.78% b. $39.55 and 28.78% c. $39.55 and 34.40% (correct answer) d. $39.90 and 35.11% GO?1 John Wiley & Sons Canada, Lud 19