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 $ 87 per hour 6,390 hours $1,227,250 $ 245, 450 $ 696,510 25 % What is the total price for a project requiring 200 direct labor hours and $190,000 of materials? Multiple Choice $236.900 $269,000 $327.000 $317.000 $324,500