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 purchases Materials purchasing, handling, and storage Overhead for depreciation, taxes, insurance, etc. Target profit margin for both labor and materials $ 111 per hour 6,470 hours $1,269, 250 $ 253,850 $ 756,990 25 What is the total price for a project requiring 280 direct labor hours and $270,000 of materials? Multiple Choice O $391,000 $344,000 $473,800