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 $ 60 per hour 3,130 hours $839,000 $ 60,000 $ 93,900 20% What should Yelk set as the direct labor rate per hour? Multiple Choice 0 $90 per hour. 0 $108 per hour. 0 $120 per hour. 0 $78 per hour. 0 $60 per hour