Question: HH Electric reports the following information. Direct labor rate $ 51 per DLH Non-materials-related overhead $ 29 per DLH Materials-related overhead 5% of direct materials cost Target profit margin (on both conversion and direct materials) 20% Compute the time charge per hour of direct labor. Compute the materials markup percentage. What price should the company quote for a job requiring four direct labor hours and $608 in materials?