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 6,900 hours $1,266,250 $ 253, 250 $ 759,000 20 8 What should Shale set as rate per hour of labor hour? Multiple Choice $248 . $190 $208