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 $237,300 Purchasing agent's salary and fringe benefits $68,560 Administrative salaries and fringe benefits 45,200 20,200 Other overhead costs 11,300 76,080 Total budgeted costs $293,800 $164,840 The company anticipated that the restorers would work a total of 11,300 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 $69 and that the material loading charge was 84%.