oMail - Navig ists Regio = Astror Physic 2) Star c s1050 C Pause @ Home 2 16 qu D2L Annol L M Sign | Create WP Chap WP NI X Chat New c Cours + 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 1.67 / 5 = : View Policies Show Attempt History 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 20,40 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 Your answer is correct. 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 41 per hour eTextbook and Media Assistance Used Attempts: 1 of 3 used b Determine the profit margin on materials. (Round intermediate calculations to 2 decimal places, e.g. 10.25% and final answer to O decimal places, e.g. 10%.) Profit margin on materials eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer W- Pause_ the Inte....docx W- It's A Shame (1).docx w- It's A Shame .docx Show All X