Wasson's Classic Cars restores classic automobiles to showroom status. Budgeted data for the current year are as follows. Time Charges $325,600 Material Loading Charges Restorers' wages and fringe benefits Purchasing agent's salary and fringe benefits Administrative salaries and fringe benefits Other overhead costs Total budgeted costs 59,200 14,800 $399,600 $81,600 20,400 76,500 $178,500 The company anticipated that the restorers would work a total of 14,800 hours this year. Expected parts and materials were $1,275,000. 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 82%. (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