Wasson's Classic Cars restores classic automobiles to showroom status. Budgeted data for the current year are as follows. Time Charges $243,600 Material Loading Charges $78,640 Restorers' wages and fringe benefits Purchasing agent's salary and fringe benefits Administrative salaries and fringe benefits Other overhead costs Total budgeted costs 58.000 23,200 $324.800 21,200 74,880 $174.720 The company anticipated that the restorers would work a total of 11.600 hours this year. Expected parts and materials were $1.248.000. 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 83%. 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.) Profit margin on labor $ per hour e Textbook and Media Assistance Used Save for Later Attempts: 0 of 5 used Submit