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Yelk Garage reports the following information: Direct labor rate $ 200 per DLH Non-materials-related overhead $ 160 per DLH Materials-related overhead 7% of direct materials

Yelk Garage reports the following information:

Direct labor rate $ 200 per DLH

Non-materials-related overhead $ 160 per DLH

Materials-related overhead 7% of direct materials cost

Target profit margin (on both conversion and direct materials) 30%

Determine Yelks time charge per hour of direct labor:

a. $390.

b. $438.

c. $450.

d. $360.

e. $468.

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