Cheyenne'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 $253,440 Purchasing agent's salary and fringe benefits $59,400 Administrative salaries and fringe benefits 52,800 18,216 Other overhead costs 21,120 77,616 Total budgeted costs S327,360 $155,232 The company anticipated that the restorers would work a total of 10,560 hours this year. Expected parts and materials were $1,108,800. 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 S70.00 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