Novak's Classic Cars 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 $12,000$ hours this year. Expected parts and materials were

$$1,260,000.$

In late January, the company experienced a fire in its facilities that destroyed most of the accounting records. The accountant

remembers that the hourly labor rate was $$70\mathrm{.}00$ and that the material loading charge was $83\mathrm{.}00\%.$Determine the profit margin per hour on labor. $($Round intermediate calculations to $2$ decimal places, e$.$g$.10\mathrm{.}25$ and final answer to $0$

decimal places, e$.$g$.10.)$

Profit margin on labor

per hour