New York Temps, a large labor contractor, supplies contract labor to building-construction companies. For 2017, New York Temps has budgeted to supply 89,000 hours of contract labor. Its variable costs are $9 per hour, and its fixed costs are $356,000. Roger Mason, the general manager, has proposed a cost-plus approach for pricing labor at full cost plus 10%. Read the requirements. O Requirement 1. Calculate the price per hour that New York Temps should charge based on Mason's proposal. Begin by determining the formula to calculate the price per hour based on Mason's proposal, then calculate the price. (Complete all answer boxes. Round the price per hour to two decimal places.) Price per hour Requirements 1. Calculate the price per hour that New York Temps should charge based on Mason's proposal. 2. The marketing manager supplies the following information on demand levels at different prices: Price per Demand Hour (Hours) $ 14 122,000 16 101,000 18 89,000 19 75,000 20 69,000 New York Temps can meet any of these demand levels. Fixed costs will remain unchanged for all the demand levels. On the basis of this additional information, calculate the price per hour that New York Temps should charge to maximize operating income. 3. Comment on your answers to requirements 1 and 2. Why are they the same or different? Print Done HW Score