Exercise 8-10 Wasson's Classic Cars restores dass automobiles to showroom status Budgeted data for the Material Loading Charges $270,000 Restorers wages and fringe benefits Purchasing agent's salary and fringe benefits Administrative salaries and fringe benefits Other overhead costs Total budgeted costs 54.000 24,000 $67,500 21,950 77,490 $166,950 The company anticipated that the restorers would work a total of 12.000 hours this year. Expected parts and materials were at the hourly laborate was 570 and that the material loading charge In late January, the company experienced a fire in its facilities that destroyed most of the accounting records Ex Your answer is incorrect. Try again Determine the profit margin per hour on labor. (Round in ons to decina aces, 10.25 and final answer to decimal places 10.) Profit margin on labor 22.5 per hour LINK TO TEXT x Your answer is incorrect. Try again. Determine the profit margin on materials. (Round intermediate calculations to 2 decimal places, e.. 10.25% and final answer to 0 decimal places, eg. 109.) Profit margin on materials 13 % LINK TO TEXT X Your answer is incorrect. Try again. Determine the total price of labor and matenals on a job that was completed after the fire that required 150 hours of abor and 560,000 in parts and materials Total price J 120000 LINK TO TEXT