PLEASE SHOW WORK AND BE CORRECT HH Auto Repair reports the following information for the coming year

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PLEASE SHOW WORK AND BE CORRECT

HH Auto Repair reports the following information for the coming year. $ 44 per labor hour 10,800 hours $2,080,000 Labor rate, including fringe benefits Annual labor hours Annual materials (parts) purchases Annual overhead costs: Materials purchasing, handling, and storage Other overhead (depreciation, insurance, taxes, rent) Target profit margin (on both labor and materials) $ $ 332,800 194,400 34 % 1. Compute the price (rate) per hour of direct labor. 2. Compute the materials markup (in %). 3. What price should the company quote for a job requiring four labor hours and $660 in parts? 1. Total labor rate per hour 2. Materials markup 3. Total price quote