Marigold's Classic Cars restores classic automobiles to showroom status. Budgeted data for the current year are as follows. Time Charges Material Loading Charges $ 248,160 Restorers' wages and fringe benefits Purchasing agent's salary and fringe benefits $ 63,450 Administrative salaries and fringe benefits 33,840 19,458 Other overhead costs 22.560 59,220 Total budgeted costs $ 304,560 $ 142,128 The company anticipated that the restorers would work a total of 11,280 hours this year. Expected parts and materials were $ 1,184,400. 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 $ 70.00 and that the material loading charge was 83.00%. 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 $ LINK TO TEXT 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 % LINK TO TEXT