Question 28 of 30 < > View Policies Current Attempt in Progress .../5 E ! Carla Vista's Classic Cars restores classic automobiles to showroom status. Budgeted data for the current year are as follows: Time Charges Material Loading Charges Restorers' wages and benefits $259,200 Purchasing agent's salary and benefits $64,800 Administrative salaries and benefits 57,600 21,600 Other overhead costs 19,200 120,960 Total budgeted costs $336,000 $207,360 The company anticipated that the restorers would work a total of 10,000 hours this year. Expected parts and materials were $1,200,000. 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 83.80%. (a1) Your answer has been saved. See score details after the due date. Determine the profit margin per hour on labor. (Round answer to 2 decimal places, e.g. 15.25.) Profit margin $ 42.5 (a2) Determine the profit margin on materials. (Round answer to 2 decimal places, e.g. 15.25.) Profit margin Save for Later Attempts: 1 of 1 used Attempts: 0 of 1 used Submit Answer