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 punchasing, handling, and storage Overhead for depreciation, taxes, insurance, etc. Target profit margin for both labor and materials 61 per hour 3.150 hours $833,e00 $ 54,000 $75,600 20 X What should Yelk set as the direct labor rate per hour? Mltiple Choice $85 per hour. $61 per hout $78 per hour. $122 per hour $102 per hour