Oriole Company provides financial consulting and has collected the following data for the next year's budgeted activity for a lead consultant Consultants' wages $95000 Fringe benefits $12500 Related overhead $17500 $17000 $4000 $20000 Supply clerk's wages Fringe benefits Related overhead Profit margin per hour Profit margin on materials Total estimated consulting hours $20 15% 5000 Total estimated material costs $166000 The labor rate per hour is O $25.00. O $40.10. O $45.00. O $39.10