Ralph's Auto Repair uses time and material pricing. The body shop, which anticipates 10.000 direct labor hours of activity, has the following data: Annual overhead costs: Material handling and storage Other overhead costs Annual cost of materials used Labor rate per hour, including fringe benefits Hourly charge to achieve profit margin $ 15,000 75,000 187,500 18 11 The time charge per hour is: Multiple Choice $19.50 $27.00. $29.00 $36.50. None of the answers is correct