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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
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 worka total of 20.800 hosirs this year. Exipected parts and materials were 51.210,000 $1.210,000 In tate January, the company expecienced a fire in its facifities that destroyed most of the accounting cecords. The accountant temembers that the hourty labor rate was 369 and that the mater falloading charke was 833 . Determine the profit margin per hour on labor. (Round intermediate calculations to 2 declimal places, es. 10.25 and final answer to 0 decimal places, es 10.] Profit margin on labor per hour Attempts: 2 of 3 used Determine the profit margin on materials. (Round intermedlate calculations to 2 decimal ploces, eg. 10.25% and final answer to 0 decimal places, es. 10%6 ) Profit margin on materials eTextbook and Media Attempts: 0 of 3 used
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