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determine the total price of labor and materials on a job that was completed... 140 hours total price ?$ Wasson's Classic Cars restores classic automobiles

determine the total price of labor and materials on a job that was completed... 140 hours
total price ?$ image text in transcribed
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Wasson's Classic Cars 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 12,600 hours this year. Expected parts and materials were $1,262,000. 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 84%. Determine the profit margin per hour on labor. (Round intermediate calculations to 2 decimal places, e.8. 10.25 and final answer to O decimal places, e.g. 10.) Profit margin on labor perhour eTextbook and Media Attempts: 2 of 3 usec b) Your answer is correct. Determine the profit margin on materials. (Round intermediate calculations to 2 decimal places, e.g. 10.25\% and final answer to 0 decimal places, e.g. 10%.) Profit margin on materials % eTextbook and Media Attempts: 1 of 3 used Determine the total price of labor and materials on a job that was completed after the fire that required 140 hours of labor and $63,700 in parts and materials. Total price

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