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 $ 114 per hour 6,480 hours $1,274,500 $ 254,900 $ 764,640 25 % What is the total price for a project requiring 290 direct labor hours and $280,000 of materials? Multiple Choice 357.800 $407.000 lo o o o o $492,600 $482.600. $490,100