13 Wasson's Classic Cars restores classic automobiles to showroom status. Budgeted data for the current year are as follows. Material Time Loading Charges Charges Restorers' wages and fringe benefits $234,600 Purchasing agent's salary and fringe benefits $64,160 Administrative salaries and fringe benefits 51,000 20,400 Other overhead costs Total budgeted costs 10,200 $295,800 72,480 $157.040 The company anticipated that the restorers would work a total of 10.200 hours this year. Expected parts and materials were $1,208,000. In late January, the company experienced a fire in its facilities that destroyed most of the accounting records. The accountant remembers that the hourly labor rate was $70 and that the material loading charge was 84%