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 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 labor rate was $70 and that the material loading charge was 83.25%. Your answer is correct. 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 Determine the profit margin on materials. (Round intermediate calculations to 2 decimal places, e.8. 10.25\% and final answer to 0 decimal places, e.g. 10\%.) Profit margin on materials %