o Mail - Navig ists Regio = Astror Physic 2) Star c & s1050 C Pause @ Home #2 16 qu D21 Annou L M Sign| Create WP Chap WP NI X Chat New Home + C education.wiley.com/was/ui/v2/assessment-player/index.html?launchld=2fc39e7d-b626-4293-a973-79ee78eebef6#/question/4 Update Chapter 21 Homework Question 5 of 5 - 15 5 : Current Attempt in Progress Wasson's Classic Cars restores classic automobiles to showroom status. Budgeted data for the current year are as follows. Material Time Loading Charges Charges Restorers' wages and fringe benefits $308,700 Purchasing agent's salary and fringe benefits $81,120 Administrative salaries and fringe benefits 73,500 20,400 Other overhead costs 29,400 76,140 Total budgeted costs $411,600 $177,660 The company anticipated that the restorers would work a total of 14,700 hours this year. Expected parts and materials were $1,269,000. 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 $69 and that the material loading charge was 84%. (a) Determine the profit margin per hour on labor. (Round intermediate calculations to 2 decimal places, e.g. 10.25 and final answer to O decimal places, e.g. 10.) Profit margin on labor $ per hour eTextbook and Media Assistance Used Save for Later Attempts: 0 of 3 used Submit Answer (b) W- Pause_the Inte....docx W- It's A Shame (1).docx It's A Shame .docx Show All X