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 53 per hour 3,050 hours $828,000 $ 49,000 $ 67,100 20 % What should Yelk set as the direct labor rate per hour? Multiple Choice $106 per hour. $90 per hour. $53 per hour. Multiple Choice $106 per hour $90 per hour. $53 per hour $75 per hour. $68 per hour