Brambles Classic Cars restores classic automobiles to showroom status. Budgeted data for the current year are as follows. Time Charges Material Loading Charges Restorers' wages and fringe benefits $221,760 Purchasing agent's salary and fringe benefits $56,700 Administrative salaries and fringe benefits 30,240 17,388 Other overhead costs 20,160 52,920 Total budgeted costs $272,160 $127,008 The company anticipated that the restorers would work a total of 10,080 hours this year. Expected parts and materials were $1,058,400. 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 $70.00 and that the material loading charge was 83.00%. (a) Determine the profit margin per hour on labor. (Round intermediate calculations to 2 decimal places, e.g. 10.25 and final answer to 0 decimal places, e.g. 10.) Profit margin on labor $enter the profit margin on labor per hour in dollars per hour

2) Determine Profit margin on materials