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Pharoah's Klassic Kars restores classic automobiles to showroom status. Budgeted data for the current year are as follows: Time Charges $310,200 Material Loading Charges Restorers'

Pharoah's Klassic Kars restores classic automobiles to showroom status. Budgeted data for the current year are as follows:

Time

Charges

$310,200

Material Loading

Charges

Restorers' wages and fringe benefits

Purchasing agent's salary and fringe benefits

Administrative salaries and fringe benefits

Other overhead costs

Total budgeted costs

63.360

30,360

$403,920

$69,080

23.864

74,104

$167,048

The company anticipated that the restorers would work a total of 13,200 hours this year and expected that parts and materials would cost $1,256,000.

In late January, the company experienced a fire in its facilities that destroyed most of the accounting records. The accountant remembers that the hourly labour rate was $67 and that the material loading charge was 93.00%.

Determine the profit margin per hour on labour. Determine the profit margin on materials.

Determine the total price of labour and materials on a job that was completed after the fire that required 150 hours of labour and $59,100 in parts and materials.

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