Question 11 (1 point) Saved DreamHouse builds custom homes, allocating overhead at the rate of $5 per direct labor hour. Their cost for direct labor is $20 per hour. They seek to earn a profit of 20 per cent above their cost. In May, they will build a house on Boxankle road with the following direct costs: Direct material: $150,000 Direct labor hours 600 What price will they seek to sell the house for? 1) 150,000 O2) $162,000 O3) $165,000 4) $198,000