Wassar's Claskic Cars resteres dasuic autemobiles to showroom status. Budgeted data for the current year are as follows. The company anticipated that the restorers wouid work a total of 14700 heurs thit ye ar. Expected purts and materiali were. \$1.269.000 in late lanuary the tompany experienced a fre in its facilites that destroyed most of the accounting cecords The accountant remembers that the hourlvibor rate was 569 and that the matecial loating charge was 84 (a) decinal places, es t0] Dioht marzin on labor perhour (b) Determine the profit margin on materiais, (Round answer to 2 decimal places, e.9. 10.50.) Proft margin en materials E yaur anioer is incarrect. Try boan. Tuta vice 16044+1 Stcond Chance Welding rebuilds spot welders for marufacturen. The followine budgeted cost data far 2020 as availuble for Secend Chance repair tire ia the comint year, and estimates that the total invoict cost of partiand materiwh in 2020 weil be 5900000 (a) Compute the raie chased per hour ef later Labor raie perhour