nolm.. blackboardcom Neo Solar Ltd installs heater system in new homes. Jobs are priced using the time and materials method. The managing director of Neo Solar Ltd is pricing a job involving the heater systems for 10 houses to be built by a local developer. His estimates follow Labour Hours Material Cost 400 $60 000 The following predictions relate to the company's operations: Labour rate, including on costs Annual labour hours Annual O/H costs: $16 per hour 12 000 hours $25 000 108 000 250 000 Material handling and storage Other O/H cost Annual cost of material used Required: Neo Solar Ltd adds a mark-up of $4 per hour on its time charge, but there is no mark up on material costs 1. Calculate the price for the job described above (3 marks) 2, what would be the price of the job if Neo Solar also added a mark up of 10% on all material charges (including material handlina and storage costs)2 (2 marks)