Wasson's Classic Cars restores classic automobiles to showroom status. Budgeted data for the current year are as follows. Material Time Loading Charges Charges Restorers' wages and fringe benefits $289,800 Purchasing agent's salary and fringe benefits $75,540 Administrative salaries and fringe benefits 69,000 20,700 Other overhead costs 13,800 72,180 Total budgeted costs $372,600 $168,420 The company anticipated that the restorers would work a total of 13,800 hours this year. Expected parts and materials were $1,203,000. 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 and that the material loading charge was 83% (a) Determine the profit margin per hour on labor. (Round intermediate calculations to 2 decimal places, e.g. 10.25 and final answer to 0 decimal places, e.g. 10.) Profit margin on labor $ per hour