Wasson's Classic Cars restores classic automobiles to showroom status. Budgeted data for the current year are as follows. Time Charges Material Loading Charges $264,000 $82,140 Restorers' wages and fringe benefits Purchasing agent's salary and fringe benefits Administrative salaries and fringe benefits Other overhead costs Total budgeted costs 60,000 21.700 12,000 77,880 $336,000 $181.720 The company anticipated that the restorers would work a total of 12,000 hours this year. Expected parts and materials were $1.298,000 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 83%. (a) Determine the profit margin per hour on labor. (Round intermediate calculations to 2 decimal places, 25 and final answer to O decimal places, e.g. 10.) per hour Profit margin on labor $ e Textbook and Media Attempts:0 of 5 used Submit Answer Save for Later