Wasson's Classic Cars restores classic automobiles to showroom status. Budgeted data for the current year are: The company anticipated that the restorers would work a total of 12,000 hours this year. Expected parts and materials were $1, 260,000. In late January, the company experienced a fire in its facilities that destroyed most of the accounting records. The accountant remembers that the hourly labour rate was $70.00 and that the material loading charge was 83.25%. Instructions Determine the profit margin per hour on labour. Determine the profit margin on materials. Determine the total price of labour and materials on a job that was completed after the fire that required 150 hours of labour and $60,000 in parts and materials