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Indigo's Classic Cars restores chassic automoblles to showroom status, Budgeted data for the current year are as follows. The company anticipated that the restorers would

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Indigo's Classic Cars restores chassic automoblles to showroom status, Budgeted data for the current year are as follows. The company anticipated that the restorers would work a total of 14,400 hours this year. Expected parts and materials were $1,512,000 In late January, the company experienced a fre in its facilities that destroyed most of the accounting records, The accountant remembers that the hourly labor rate was $70.00 and that the material loading charge was 83.00% (d) Determine the profit margin per hour on labor, (Round intermedlate calculations to 2 decimal places, e.g. 10.25 and fnal answer to 0 decimal places. es. 10.)

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