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 $ 120 per hour 6,500 hours $1,285,000 $ 257,000 $ 780,000 25 % What is the total price for a project requiring 310 direct labor hours and $300,000 of materials? Multiple Choice O $520,500 $528,000. O $438.000 O $385.400 O $530,500