a) Determine the profit margin per hour on labour. (Round answer to 2 decimal places, e.g. 5.25.) b) Determine the profit margin on materials. (Round answer to 2 decimal places, e.g. 5.25.)

Cullumber's Klassic Kars restores classic automobiles to showroom status. Budgeted data for the current year are as follows: The company anticipated that the restorers would work a total of 13,800 hours this year and expected that parts and materials woulc cost $1,203,000. In late January, the company experienced a fire in its facilities that destroyed most of the accounting records. The accountant remembers that the hourly labour rate was $67 and that the material loading charge was 90.00%