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 $ 58 per hour 2,900 hours $830,000 $ 51,000 $ 75,400 25 % What should Yelk set as the direct labor rate per hour? Multiple Choice 0 $84 per hour. O $105 per hour. O $58 per hour. O $116 per hour. O $79 per hour