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Wasson's Classic Cars restores classic automobiles to showroom status. Budgeted data for the current year are as follows. The compamy 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 compamy anticipated that the restorers would work a total of 14,800 hours this year. Expected parts and materials were: $1.275.000. 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 and that the material loading charge was 82%. Determine the profit margin per hour on laboc (Round intermediate calculations to 2 decimal places, e.8. 10.25 and final answer to 0 decimal places, es. 10.) Profit margin on labor $ per hour

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