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Score: 0 of 5 pts 21 of 25 (20 complete) HW Score: 61.65%, 161.53 of 262 pts P13-30 (similar to) Question Help K & R Mechanical sells and services plumbing, heating, and air conditioning systems. K & R's cost accounting system tracks two cost categories: direct labor and direct materials. K & R uses a time-and-materials pricing system, with direct labor marked up 90% 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. 33 (Click the icon to view the cost information.) Read the requirements Requirement 1. If Rand presents Lee with the replace or repair options, what price would he quote for each? Complete the table below to determine the price Rand would quote for each option. Data Table Labor Materials Total Price Repair option Replace option During a hot summer day, the central air conditioning in Michelle Lee's home stops working. K&R technician Sam Rand arrives at Lee's home and inspects the air conditioner. He considers two options: replace the compressor or repair it. The cost information available to Rand follows: Labor Materials 7 hrs $ 140 Repair option Replace option 3 hrs $280 Labor rate $40 per hour Enter any number in the edit fields and then click Check Answer Print Done