A company is setting its direct materials and direct labor standards for its leading product.Direct material costs from the supplier are $9 per square foot,net of purchase discount.Freight-in amounts to $0.30 per square foot.Basic wages of the assembly line personnel are $19 per hour.Payroll taxes are approximately 23% of wages.How much is the direct labor cost standard per hour? (Round your answer to the nearest cent.)
A) $4.37
B) $19.00
C) $23.37
D) $32.37
Correct Answer:
Verified
Q56: Which of the following is NOT a
Q57: Top managers of Marshall Industries predicted annual
Q58: Complete the following table:
Q59: Hercules Sports Equipment Company projected sales of
Q60: Which of the following best describes a
Q62: A standard cost system helps management set
Q63: An efficiency variance measures how well the
Q64: Developing efficiency standards based on best practices
Q65: For each of the following cost
Q66: For each of the following efficiency
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents