Shale Remodeling uses time and materials pricing. It is setting prices for next year using the following information:

Shale Remodeling uses time and materials pricing. It is setting prices for next year using the following information: Labor rate, including fringe benefits Annual labor hours Annual materials purchase Materials purchasing, handling, and storage Overhead for depreciation, taxes, insurance, etc. Target profit margin for both labor and materials $ 80 per hour 7,800 hours $1,356,250 $ 298,375 $ 842,400 25 % What should Shale set as rate per hour of labor hour? 0 0 0 0 0