Wasson's Classic Cars restores classic automobiles to showroom status. Budgeted data for the current year are as follows. The company anticipated that the restorers would work a total of 10,000 hours this year, Expected parts and materials were 51,278,000 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 $70 and that the material loadingharge was 84%. Your answer is correct Determine the profit margin per hour on labor, (Round intermedlate colculations to 2 decimal places, es. 10.25 and final answer to 0 decimal ploces, es. 10. Profit margin on labor per hour Atremprs: 3 or > usea (b) Determine the profit margin on materials. (Round intermediate calculations to 2 decimal places, eg. 10.25\% and final answer to 0 decimal ploces, es, 10x j Profit margin on materials \%