Determine the profit margin per hour on labor. (Round intermediate calculations to 2 decimal places, es decimal places, eg. 10.) Profit margin on labor $ 41 per hour e Textbook and Media (b) Determine the profit margin on materials. (Round intermediate calculations to 2 decimal places, eg. 10.25% decimal places, e.g. 10%.) Profit margin on materials Wasson's Classic Cars restores classic automobiles to showroom status. Budgeted data for the current year are as follows. Time Charges $243,600 Material Loading Charges $78,640 Restorers' wages and fringe benefits Purchasing agent's salary and fringe benefits Administrative salaries and fringe benefits Other overhead costs Total budgeted costs 21.200 58,000 23.200 $324.800 74.880 $174,720 The company anticipated that the restorers would work a total of 11.600 hours this year. Expected parts and materials were $1,248.000. 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 83%