Labor cost of production Michelle Angelo is a stone cutter working for Takonite Quar- ries, Inc. She earns $9 per hour and normally works 40 hours per week. During the first week of May, Michelle worked 12 hours cutting marble slabs and 20 hours polishing granite. The remaining 8 hours she spent maintaining the cutting and polishing equipment. For each em- ployee, Michelle's employer pays $6 per week for health and accident insurance, $12 a week into a guaranteed annual wage fund, 7 percent FICA tax, and 14 percent into a retirement fund.

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REQUIRED a. Compute the direct labor cost to be assigned to processing marble and granite by Michelle. b. Compute the cost to be assigned to overhead this week for Michelle's work. c. Compute the total hourly cost of employing Michelle and total hourly cost of Michelle's direct labor if all costs are included in the computations.