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Current Attempt in Progress Wasson's Classic Cars restores classic automobiles to showroom status. Budgeted data for the current year are as follows. Time Charges $241,500

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Current Attempt in Progress Wasson's Classic Cars restores classic automobiles to showroom status. Budgeted data for the current year are as follows. Time Charges $241,500 Material Loading Charges Restorers' wages and fringe benefits Purchasing agent's salary and fringe benefits Administrative salaries and fringe benefits Other overhead costs Total budgeted costs 57,500 23,000 $322,000 $63,310 20,900 72,180 $156,390 The company anticipated that the restorers would work a total of 11,500 hours this year. Expected parts and materials were $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 labor rate was $70 and that the material loading charge was 83%. 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 $ per hour Question 5 of 8 -/5 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 $ per hour eTextbook and Media 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 % eTextbook and Media Determine the total price of labor and materials on a job that was completed after the fire that required 146 hours of labor and $55,000 in parts and materials. e Textbook and Media Determine the total price of labor and materials on a job that was completed after the fire that required 146 hours of labor and $55.000 in parts and materials. Total price $ eTextbook and Media Submit Answer Attempts: 0 of 3 used Save for Later CAP charge om conot 13 A14 6 7 " 8 9

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