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

Determine the total price of labor and materials on a job that was completed after the fire that required 144 hours of labor and $56,200 in parts and materials.

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 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, e.g. 10.25 and final answer to 0 decimal places, e.g. 10.) Profit margin on labor per hour eTextbook and Media Attempts: 2 of 5 used Your answer is correct. Determine the profit margin on materials. (Round intermediate calculations to 2 decimal places, e.g. 10.25% and final answer to 0 decimal places, e.g. 10\%.) Profit margin on materials % Determine the total price of labor and materials on a job that was completed after the fire that required 144 hours of labor and $56,200 in parts and materials