Flint's Classic Cars restores classic automobiles to showroom status. Budgeted data for the current year...
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Flint'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 work a total of hours this year. Expected parts and materials were $ 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 $ and that the material loading charge was a Determine the profit margin per hour on labor. Round intermediate calculations to decimal places, eg and final answer to decimal places, eg Profit margin on labor per hour 
Flint'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 work a total of hours this year. Expected parts and materials were
$
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 $ and that the material loading charge was
a
Determine the profit margin per hour on labor. Round intermediate calculations to decimal places, eg and final answer to
decimal places, eg
Profit margin on labor
per hour
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