Wasson's Classic Cars restores dassic automobiles to showroom status. Budgeted data for the current year are as follows. The company anticipated that the restorers would work a total of 14,800 hours this year Expected parts and materials were $1.275,000 In late january the company experienced a fire in its facilities that destroyed most of the accountine recorda The accountant remembers that the hourly labor rate was $68 and that the material jodding charge was 820 . Determine the profit margin per hour on labor: (Round intermedlate colculotions to 2 decimal ploces, e. 10.25 and final answer to 0 dacimal plocos, es. 10. Profit margin on labor per hour e Textbook and Media (b) Attempts: 1 of 3 used Determine the prohtmarsin on materials, (Round intemediate cakulations to 2 decimai ploces, es, 10,25\%, and final answer to 0 decimal places es 1080 Profit margin on materials 19 eTextbook and Media