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Wasson'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

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Wasson'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 14,200 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 568.28 and that the material loading charge was 82.76%. Determine the profit margin per hour on labor. (Round answer to 2 decimal places, e.g. 10.50.) Profit margin on labor $ 35.39 per hour Determine the profit margin on materials. (Round answer to 2 decimal places, e.g. 10.50.) Profit margin on materials 69.81 % Determine the total price of labor and materials on a job that was completed after the fire that required 147 hours of labor and 560,800 in parts and materials. (Round answer to 0 decimal places, e.g. 125.) Total price $ 108446.81

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