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vvasson S Liassic cars restores ciassic automodies to snowroom status. buqgeted data ror the current year are as tonchn. The company anticipated that the restorers

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vvasson S Liassic cars restores ciassic automodies to snowroom status. buqgeted data ror the current year are as tonchn. 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%. (a) Determine the profit margin per hour on labor, (Round intermediate calculations to 2 decimal places, es, 10.25 and inar answer to 0 decimal places, e.g. 10.)

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