Wasson's Classic Cars restores classic automobiles to showroom status. Budgeted data for the current year are...

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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 $308,700 Purchasing agent's salary and fringe benefits $81,120 Administrative salaries and fringe benefits 73,500 20,400 Other overhead costs 29,400 76,140 Total budgeted costs $411,600 $177,660 The company anticipated that the restorers would work a total of 14,700 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 $69 and that the material loading charge was 84% 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 $308,700 Purchasing agent's salary and fringe benefits $81,120 Administrative salaries and fringe benefits 73,500 20,400 Other overhead costs 29,400 76,140 Total budgeted costs $411,600 $177,660 The company anticipated that the restorers would work a total of 14,700 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 $69 and that the material loading charge was 84%