L & J Mechanical sells and services plumbing, heating, and air conditioning systems. L & J's cost accounting system tracks two cost categories: direct labor and direct materials. L a J uses a time-and-materials pricing system, with direct labor marked up 100% and direct materials marked up 50% to recover indirect costs of support staff, support materials, and shared equipment and tools and to earn a profit. g (Click the icon to View the cost information.) Read the aquirements. Requirement 1. If Austen presents Lowry with the replace or repair options, what price would he quote for each? Complete the table below to determine the price Austen would quote for each option. Labor Materials Total Price Repairoption ES: Replace option ES: Data table During a hot summer day, the central air conditioning in Susan Lowry's home stops working. L & J technician John Austen arrives at Lowry's home and inspects the air conditioner. He considers two options: replace the compressor or repair it. The cost information available to Austen follows: Labor Materials Repair option 7 hrs. $160 Replace option 2 hrs. $280 Labor rate $40 per hour Requirements 1. If Austen presents Lowry with the replace or repair options, what price would he quote for each? 2. If the two options were equally effective for the 3 years that Lowry intends to live in the home, which option would she choose? 3. If Austen's objective is to maximize prots, which option would he recommend to Lowry? What would be the ethical course of action