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 $231,000 Purchasing agent's salary and fringe benefits $81,520 Administrative salaries and fringe benefits 52,500 20,000 Other overhead costs 10,500 76.140 Total budgeted costs $294,000 $177,660 The company anticipated that the restorers would work a total of 10.500 hours this year. Expected parts and materials were $1,269,000. 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 $71 and that the material loading charge was 83%. (a) Determine the profit margin per hour on labor. (Round intermediate calculations to 2 decimal places, eg. 10.25 and final answer to O decimal places, eg. 10.)