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 $298,200 Purchasing agent's salary and fringe benefits $68,060 Administrative salaries and fringe benefits 56,800 20,700 Other overhead costs 14,200 76,080 Total budgeted costs $369,200 $164,840 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 $68 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 O decimal places, e.g. 10.) Profit margin on labor $ per hour