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 $ 75 per hour 6,350 hours $1,206,250 $ 241,250 $ 666,750 25 % What is the total price for a project requiring 160 direct labor hours and $150,000 of materials? Multiple Choice $184,000. O $210,000 O $256,000 $225,000 $253,500