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 $ 50 per hour 3,350 hours $825,000 $ 41,250 $ 67,000 20 % What should Yelk set as the materials markup per dollar of materials used? Multiple Choice O 25% 5%. 20%. 35%. 30%