need help with b

Wasson's Classic Cars restores classic automobiles to showroom status. Budgeted data for the current year are as follows Time Charges Material Loading Charges $241,500 $63,310 Restorers' wages and fringe benefits Purchasing agent's salary and fringe benefits Administrative salaries and fringe benefits Other overhead costs Total budgeted costs 57,500 20.900 23,000 72,180 $322,000 $156,390 The company anticipated that the restorers would work a total of 11,500 hours this year. Expected parts and materials were $1.203.000. In late January, the company experienced a fire in its facilities that destroyed most of the accounting records. The accountant remembers that the hourlylabor rate was $70 and that the material loading charge was 83%. (a) Your answer is correct Determine the profit margin per hour on labor. (Round intermediate calculations to 2 decimal places, eg. 10.25 and final answer to 0 decimal places, e.g. 10.) Profit margin on labor 42 per hour eTextbook and Media Attempts: 1 of 5 used (b) Determine the profit margin on materials. (Round intermediate calculations to 2 decimal places, es, 10.25% and final answer to 0 decimal places, c.8. 10%) Profit margin on materials % eTextbook and Media Attemnts of sused Cubmit An