Yelk Garage 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 $ 72 per hour 3,150 hours $838,000 $ 41,900 $ 88,200 20 % What should Yelk set as the materials markup per dollar of materials used? Multiple Choice 25%. 5%. O O 20%. O O 35%. O O 30%