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Need b please Carla Vista's Klassic Kars restores classic automobiles to showroom status. Budgeted data for the current year are as follows: The company anticipated
Need b please
Carla Vista's Klassic Kars 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 and expected that parts and materials would cost $1,232,000. In late January, the company experienced a fire in its facilities that destroyed most of the accounting records. The accountant remembers that the hourly labour rate was $70 and that the material loading charge was 91.00%. V Your answer is correct. Determine the profit margin per hour on labour. (Round answer to 2 decimal places, e.g. 5.25.) Your answer is incorrect. Determine the profit margin on materials. (Round answer to 2 decimal places, e.g. 5.25\%.) Profit margin % eTextbook and MediaStep by Step Solution
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