Question 5 OT 5 View Policies Show Attempt History 3.3375 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 $268,800 Purchasing agent's salary and fringe benefits $68,660 Administrative salaries and fringe benefits 51,200 20,100 Other overhead costs 12,800 76,080 Total budgeted costs $332,800 $164,840 The company anticipated that the restorers would work a total of 12,800 hours this year. Expected parts and materials were $1,268,000. 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 $70 and that the material loading charge was 83%. 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 0 decimal places, e.g. 10.) (b) (c) Profit margin on labor $ eTextbook and Media Your answer is correct. 44 per hour Attempts: 2 of 3 used Determine the profit margin on materials. (Round intermediate calculations to 2 decimal places, e.g. 10.25% and final answer to 0 decimal places, e.g. 10%.) Profit margin on materials eTextbook and Media Your answer is incorrect. 70 % Attempts: 2 of 3 used Determine the total price of labor and materials on a job that was completed after the fire that required 160 hours of labor and $63,900 in parts and materials. Total price $ eTextbook and Media Save for Later 115357 Attempts: 2 of 3 used Submit Answer