Wasson's Classic Cars restores classic automobiles to showroom status. Budgeted data for the current year are: The company anticipated that the restorers would work a total of 12,700 hours this year. Expected parts and materials were $1,240,000. 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 $69.60 and that the material loading charge was 82.50%. Determine the profit margin per hour on labor. (Round answer to 2 decimal places, e.g. 10.50.) Profit margin on labor $ per hour