10 HH Electric reports the following information. \begin{tabular}{lc} Direct labor rate & $36 per...
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HH Electric reports the following information. \begin{tabular}{lc} Direct labor rate & $36 per DLH \\ Non-materials-related overhead & $19 per DLH \\ Materials-related overhead & 5% of direct materials cost \\ Target profit margin (on both conversion and direct materials) & 20% \end{tabular} a. Compute the time charge per hour of direct labor. b. Compute the materials markup percentage. c. What price should the company quote for a job requiring four direct labor hours and $588 in materials
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