profit margin on labor $. per hour

Vasson'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 12,600 hours this year. Expected parts and materials were $1,262,000 In late January, the company experienced a fire in its facilities that destroyed most of the accounting records. The accountant Determine the profit margin per hour on labor. (Round intermediate calculations to 2 decimal places, e.s. 10.25 and final answer to 0 decimal places, e.g. 10.) Profitmargin on labor 5. perhour