Wassons Classic Cars restores classic automobiles to showroom status. Budgeted data for the current year are:

(Blank)	Time Charges	Material Loading Charges
Restorers' wages and fringe benefits	$281,736	-
Purchasing agent's salary and fringe benefits	-	$81,000
Administrative salaries and fringe benefits	50,526	21,180
Other overhead costs	15,750	79,820
Total budgeted costs	$348,012	$182,000

The company anticipated that the restorers would work a total of 12,600 hours this year. Expected parts and materials were $1,300,000. 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 $68.10 and that the material loading charge was 83.20%.

(a) Determine the profit margin per hour on labor. (Round answer to 2 decimal places, e.g. 10.50.)

Profit margin on labor

$__________________ per hour

(b) Determine the profit margin on materials. (Round answer to 2 decimal places, e.g. 10.50.)

Profit margin on materials

_________________%