Pharoah'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 10,000 hours this year. Expected parts and materials were 51,200,000. 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 $60.00 and that the material loading charge was 83.806. Determine the profit margin per hour on labor. (Round answer to 2 decimal places, eg. 15.25.) Profit margin Attempts: 0 of 1 used