Wasson's Classic Cars restores classic automobiles to showroom status. Budgeted data for the current year are as follows. Time Charges $292,600 Material Loading Charges Restorers' wages and fringe benefits Purchasing agent's salary and fringe benefits Administrative salaries and fringe benefits Other overhead costs Total budgeted costs 53,200 13,300 $359,100 $69,930 21,000 77,940 $168,870 The company anticipated that the restorers would work a total of 13,300 hours this year. Expected parts and materials were $1,299,000 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 82%. (a) Determine the profit margin per hour on labor. (Round intermediate calculations to 2 decimal places, eg. 10.25 and final answer too decimal places, eg. 10.) Profit margin on labor per hour Determine the profit margin on materials. (Round answer to 2 decimal places, e.g. 10.50.) Profit margin on materials