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Current Attempt in Progress Blossom's Klassic Kars restores classic automobiles to showroom status. Budgeted data for the current year are as follows: The company anticipated
Current Attempt in Progress Blossom'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 14,600 hours this year and expected that parts and materials woulc cost$1,250,000. 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 $68 and that the material loading charge was 93.00%. Determine the profit margin per hour on labour. (Round answer to 2 decimal places, es 5.25.)
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