Wasson's Classic Cars restores classic automobiles to showroom status. Ruidnatand a.... he current year are as follows. The company anticipated that the restorers would work a total of 10,000 hours this year. Expected parts and materials were $1,278,000 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 84% 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 84%. (a) Determine the profit margin per hour on labor. (Round intermediate calculations to 2 decimal places, eg. 10.25 and final answer to 0 decimal places, eg. 10.) Profit margin on labor per hour Attempts: 1 of 5 used (b) Determine the profit margin on materials. (Round intermediate calculations to 2 decimal places, es, 10.25\% and final answer to 0 decimal places, es. 10\%.)