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CALCULATOR PRINTER VERSION Wasson's Classic Cars restores classic automobiles to showroom status. Budgeted data for the current year are as follows. BACK NEXT Time Charges

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CALCULATOR PRINTER VERSION Wasson's Classic Cars restores classic automobiles to showroom status. Budgeted data for the current year are as follows. BACK NEXT Time Charges $237,300 Material Loading Charges Restorers' wages and fringe benefits Purchasing agent's salary and fringe benefits Administrative salaries and fringe benefits Other overhead costs $68,560 20,200 45,200 11,300 $293,800 76,080 $164,840 Total budgeted costs The company anticipated that the restorers would work a total of 11,300 hours this year. Expected parts and materials were $1,268,000. 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 $69 and that the material loading charge was 84%. Determine the profit margin per hour on labor. (Round intermediate calculations to 2 decimal places, e.g. 10.25 and final answer to o decimal places, e.g. 10.) Profit margin on labor per hour $ LINK TO TEXT Determine the profit margin on materials. (Round intermediate calculations to 2 decimal places, e.g. 10.25% and final answer to O decimal places, e.g. 10%.) Profit margin on materials % LINK TO TEXT Determine the total price of labor and materials on a job that was completed after the fire that required 159 hours of labor and $56,600 in parts and materials

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