Answer Happy

Wasson's Classic Cars restores classic automobiles to showroom status. Budgeted data for the current year are as follows. Restorers' wages and fringe benefits Purchasing agent's salary and fringe benefits. Administrative salaries and fringe benefits Other overhead costs Total budgeted costs Time: Charges $220,500 52,500 21,000 $294,000 Material Loading Charges $68,000 20,900 76,200 $165,100 The company anticipated that the restorers would work a total of 10,500 hours this year. Expected parts and materials were $1,270,000. 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 84%.
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 $ (b) eTextbook and Media: Your answer is correct. 41 Profit margin on materials per hour Attempts: 1 of 5 used Determine the profit margin on materials. (Round intermediate calculations to 2 decimal places, e.g. 10.25% and final answer to 0 decimal places, e.g. 10 %.)
(c) Determine the total price of labor and materials on a job that was completed after the fire that required 151 hours of labor and $61,800 in parts and materials. Total price